Latest news with #KarianneTung


Economic Times
20-06-2025
- 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.


The Star
20-06-2025
- 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)


CTV News
20-06-2025
- 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


CNA
20-06-2025
- 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.


Reuters
20-06-2025
- 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.