News+

New York isn’t ready for bitcoin mining, says state lawmaker proposing a three-year moratorium

Quick Take

  • A recent bill to temporarily halt crypto mining centers operating in New York has drawn the ire of the industry. 
  • The bill’s author sat down with The Block to explain her side of the argument. 
  • Critics of the new mining centers point to their use of outdated power plants and creative corporate structuring, as well as a 2019 law that mandates New York to undertake a significant reduction in emissions and energy use in coming decades. 
Can Bitcoin mining coexist with New York's stringent environmental laws?

You must login to read this content

Legal
Mining
Regulation

Trending Stories

More
websights