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Tuesday, May 17, 2022

Norway Votes Against Bitcoin Mining Ban

  • A bill seeking to ban energy intensive mining for cryptocurrencies like bitcoin was struck down by the Norwegian parliament on May 10.
  • The communist Red Party who authored the bill was supported by both the Green Party and Socialist Left party.
  • The minority also attempted to create an electricity tax for energy intensive cryptocurrency miners.

A Bitcoin bill seeking to eliminate energy intensive cryptocurrency mining was rejected in Norway with a majority vote passed by the Norwegian parliament on May 10, according to a translated report from local newspaper E24.

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