New York has restricted cryptocurrency mining
However, crypto businesses attracted strong backlash from local environmental groups for using plenty of energy and threatening the state’s climate goals by refiring fossil abandoned fuel-burning power plants and significantly increasing greenhouse gas emissions.
Last year, some residents of upstate New York started complaining about a local Bitcoin mining facility turning Seneca LakeThe cryptocurrency mining industry strongly lobbied against the bill, claiming that the ban would stifle the sector’s growth. Still, The enacted moratorium is not as harsh as the previously proposed bills, which would ban any cryptocurrency mining activity in the state for three years.
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