Norway Plans to Limit Bitcoin Mining Amid Subsidy Reductions and Shutdowns

Norway Plans to Limit Bitcoin Mining Amid Subsidy Reductions and Shutdowns

The Norwegian government has revealed its intention to impose a temporary ban on the development of new data centers that focus on energy-intensive cryptocurrency mining. This decision aims to prioritize electricity conservation for other vital sectors.

On June 20, the government highlighted that cryptocurrency mining offers minimal benefits to local communities, prompting the need for this regulatory measure. By restricting the expansion of such data centers, authorities hope to ensure a more sustainable energy distribution across various industries.

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