Norway 2025: Ban on Cryptocurrency Mining Centers
Norway, a European nation, is positioning itself against cryptocurrency mining, which consumes a lot of energy, happening in its country. Norway seeks to reclaim the electrical grid for more sustainable economic priorities and is preparing to impose a temporary ban on the establishment of new cryptocurrency mining data centers that use high-energy-consuming technologies.
The measure will be part of a broader effort to conserve electricity for other sectors of the economy, according to the official statement released by the government on Friday. It is expected to come into effect this autumn and would make Norway the first country in Europe to introduce specific restrictions on cryptocurrency mining through the regulation of data centers.
