New York State Assembly Decided to Ban New “No Green Energy” BTC Miners

The New York State Assembly on Tuesday, April 26, passed a bill banning all new carbon-fuelled PoW cryptocurrency mining ventures from operating in the state for the next two years.

According to the bill, for two years, the approval of any new Bitcoin miners and the renewal of permits for existing mining companies that use carbon energy are prohibited.

The bill has gathered the necessary support in the Assembly and will now be submitted by Senator Kevin Parker for a vote in the Senate. If successful, it will be passed to Gov. Kathy Hochul, who can veto or sign the bill.

The bill also mandates that the Department of Environmental Conservation (DEC) prepare an environmental impact report to number, locate, and evaluate the power consumption and greenhouse gas emissions of PoW miners, as well as their impact on public health.

Earlier, the paragraph on environmental sustainability was returned to the bill of the Committee of the European Parliament on Crypto Asset Markets (MiCA).

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