decentralization

  • New York Becomes First State to Temporarily Ban Some Crypto Mining

    New York Becomes First State to Temporarily Ban Some Crypto Mining

    In a historic regulatory step, New York has become the first U.S. state to bar certain types of cryptocurrency mining. Governor Kathy Hochul signed a bill on Tuesday that triggers an immediate moratorium on energy-intensive “proof-of-work” crypto mining powered by fossil fuels. For two years, no new permits for such mining operations will be issued…