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Norwegian Government Plans Temporary Ban on Cryptocurrency Mining
Summary: According to reports, the Norwegian government announced on Friday that it plans to temporarily ban the establishment of new data centers using the most energy-intensive technology to mine cryptocurrencies in order to save electricity for other industries. Minister of Digitalization and Public Administration Karianne Tung stated that the Labor government is determined to limit Norway's ...
According to reports, the Norwegian government announced on Friday that it plans to temporarily ban the establishment of new data centers using the most energy-intensive technology to mine cryptocurrencies in order to save electricity for other industries. Minister of Digitalization and Public Administration Karianne Tung stated that the Labor government is determined to limit Norway's cryptocurrency mining activities as much as possible, as cryptocurrency mining is very energy-intensive and creates minimal job opportunities and income for local communities. The government indicated that this temporary ban may be implemented in the fall of 2025.
