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New York Imposes 2-Year Moratorium on New Proof-of-Work Mining After Gov. Hochul Signs Bill

The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining.

Updated Apr 9, 2024, 11:20 p.m. Published Nov 23, 2022, 3:44 a.m.
(Eliza Gkritsi/CoinDesk)
(Eliza Gkritsi/CoinDesk)