New York legislators to vote on PoW mining moratorium this week

2022.04.25 22:31

New York legislators to vote on PoW mining moratorium this week

New York’s legislature might ban proof-of-work (PoW) crypto mining in the state for at least two years, citing environmental concerns.

Over the past weekend, on Saturday and Sunday, several crypto advocacy groups — including the Blockchain Association and Crypto Council for Innovation — rang the alarm over the upcoming vote in the New York Assembly. The state Senate’s official webpage did not indicate a specific date for the vote.

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