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13 May 2021

Miami mayor says New York's plan to halt Bitcoin mining is a step in "wrong direction"

Miami mayor says New York's plan to halt Bitcoin mining is a step in "wrong direction"


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A new bill has been introduced in the New York State Senate that proposes to halt Bitcoin (BTC) mining for three years while researchers will be assessing its impact on the environment.

“Establishes a moratorium on the operation of cryptocurrency mining centers; provides that operation of a cryptocurrency mining center shall only be authorized following completion of a full generic environmental impact statement review and a finding that such center will not adversely affect the state greenhouse gas emission targets in the climate leadership and community protection act of 2019,” said the documents’ summary.

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