New York sets a two-year moratorium on issuing new permits for cryptocurrency mining using electricity from non-environmental sources
New York State Governor Kathy Hokul signed into law a law that imposes statewide restrictions on cryptocurrency mining using electricity from non-environmental sources. The law is the first of its kind in the United States.
As noted by the Associated Press, such a measure was adopted amid growing attention to the cryptocurrency industry after the collapse of the cryptocurrency exchange FTX.
Thus, the new law establishes a two-year moratorium on issuing new and renewing existing permits for the use of electricity generated from non-renewable sources and involved in the mining of cryptocurrency by Proof-of-work algorithm, which requires a large energy input. In addition, the Department of Environmental Protection of New York will have to assess the impact of mining on the environment.
Earlier it became known that the Twitch star made millions from erotic photos and invested in cryptocurrency. Amouranth nude and fascinating videos fans leak from closed sources.
