New York State Senate passes Bitcoin mining moratorium

2022.06.03 13:21

New York State Senate passes Bitcoin mining moratorium

The New York State Senate approved a controversial proof-of-work (PoW) mining ban bill that would prohibit any new Bitcoin (BTC) mining operations in the state.

The PoW mining ban bill was first passed by the state assembly in April last month. It aims to prohibit any new mining operations in the state for the next two years. Now, the bill is headed for the governor’s office, which once approved, would make New York the first state in the United States to place a moratorium on cryptocurrency mining.

Source