Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament – Mining Bitcoin News - BitcoinEthereumNews.com
Bitcoin CryptoLinterdiction proposée de Crypto Mining en Norvège ne parvient pas à obtenir le soutien du Parlement – Mining Bitcoin News05/13/2022Nouvelles Bitcoin Ethereum A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didnt win backing to raise an electricity tax for crypto miners. Norway Will Not Ban Bitcoin Mining The parliament of Norway has considered and voted against a draft law baning the minting of digital currencies based on the proof-of-work concept. The legislation, which was proposed by the communist Red Party in March, was supported only by two other leftist parties, SV (the Socialist Left Party) and MdG (the Green Party). “We are obviously disappointed with the majority here,” Red lawmaker Sofie Marhaug told the E24 news portal. She added that the Norwegian society must determine its priorities regarding power usage. Her party says bitcoin mining is extremely energy-intensive and insists on putting an emphasis on the needs of other industries and climate change goals. However, as Marhaug pointed out, the majority in the Storting, Norways legislature, wants to prioritize the market, and “give the bill to Norwegian electricity consumers.” The