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Norway to Impose Temporary Ban on New Crypto Mining Centers

  • Norway plans to instate a temporary ban on new crypto mining centers by the end of 2025 due to environmental and energy concerns.
  • The government aims to preserve electricity for more valuable sectors, arguing that crypto mining consumes significant energy with limited economic benefits.
  • Karianne Tung, Norway’s Minister for Digitalization and Public Administration, stresses the goal of reducing crypto mining activities for minimal economic gains.
  • This move diverges from countries promoting crypto mining to leverage surplus energy and bolster national revenue, highlighting Norway's focus on sustainability over short-term technological trends.

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