Latest news with #DigitalizationandPublicAdministration
Economic Times
11 hours ago
- Business
- Economic Times
Norway plans temporary ban on power-intensive cryptocurrency mining
Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday."The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible," Minister for Digitalization and Public Administration Karianne Tung said in a statement."Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community," she added.A temporary ban could be introduced during the autumn of 2025, the government said.
Time of India
12 hours ago
- Business
- Time of India
Norway plans temporary ban on power-intensive cryptocurrency mining
Norway plans a temporary ban on new crypto mining data centres using power-intensive tech to conserve electricity for other industries. The government cites high energy use, low job creation, and aims to implement the ban by autumn 2025. Tired of too many ads? Remove Ads Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday."The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible," Minister for Digitalization and Public Administration Karianne Tung said in a statement."Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community," she added.A temporary ban could be introduced during the autumn of 2025, the government said.
