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.