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Norway plans temporary ban on power-intensive cryptocurrency mining
Norway plans temporary ban on power-intensive cryptocurrency mining

Economic Times

time20-06-2025

  • Business
  • Economic Times

Norway plans temporary ban on power-intensive cryptocurrency mining

Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday."The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible," Minister for Digitalization and Public Administration Karianne Tung said in a statement."Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community," she added.A temporary ban could be introduced during the autumn of 2025, the government said.

Norway plans temporary ban on power-intensive cryptocurrency mining
Norway plans temporary ban on power-intensive cryptocurrency mining

The Star

time20-06-2025

  • Business
  • The Star

Norway plans temporary ban on power-intensive cryptocurrency mining

FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/ File Photo COPENHAGEN (Reuters) -Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday. "The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible," Minister for Digitalization and Public Administration Karianne Tung said in a statement. "Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community," she added. A temporary ban could be introduced during the autumn of 2025, the government said. (Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)

Norway plans temporary ban on power-intensive cryptocurrency mining
Norway plans temporary ban on power-intensive cryptocurrency mining

CTV News

time20-06-2025

  • Business
  • CTV News

Norway plans temporary ban on power-intensive cryptocurrency mining

COPENHAGEN -- Norway aims to impose a temporary ban on the establishment of new data centers that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday. 'The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,' Minister for Digitalization and Public Administration Karianne Tung said in a statement. 'Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community,' she added. A temporary ban could be introduced during the autumn of 2025, the government said. Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik, Reuters

Norway plans temporary ban on power-intensive cryptocurrency mining
Norway plans temporary ban on power-intensive cryptocurrency mining

CNA

time20-06-2025

  • Business
  • CNA

Norway plans temporary ban on power-intensive cryptocurrency mining

COPENHAGEN :Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday. "The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible," Minister for Digitalization and Public Administration Karianne Tung said in a statement. "Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community," she added. A temporary ban could be introduced during the autumn of 2025, the government said.

Norway plans temporary ban on power-intensive cryptocurrency mining
Norway plans temporary ban on power-intensive cryptocurrency mining

Reuters

time20-06-2025

  • Business
  • Reuters

Norway plans temporary ban on power-intensive cryptocurrency mining

COPENHAGEN, June 20 (Reuters) - Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country's government said on Friday. "The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible," Minister for Digitalization and Public Administration Karianne Tung said in a statement. "Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income for the local community," she added. A temporary ban could be introduced during the autumn of 2025, the government said.

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