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New York state passes a two-year ban on cryptocurrency mining that relies on fossil fuel power plants. This partial ban aims to address concerns about the environmental impact of cryptocurrency mining. By targeting mining operations that rely on fossil fuel-generated electricity, the state aims to encourage more sustainable practices within the cryptocurrency industry. The ban reflects growing efforts to mitigate the carbon footprint associated with cryptocurrency mining and promote the transition to renewable energy sources.
Thursday, 2 June, 2022