Saturday, 4 June 2022

New York is now a step away from banning Bitcoin mining for two years

New York is now a step away from banning Bitcoin mining for two years

The state of New York had recently passed a bill to introduce a ban on proof of work mining. It prohibited any new Bitcoin mining operations in the state. Passed by the State assembly in April 2022, the proposal was to ban mining operations of Bitcoin for the next two years. The bill is now headed to the governor’s office where the governor shall give his assent and turn the bill into effective law.

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