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The Norwegian government is considering banning cryptocurrency mining due to concerns about energy supply.
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The government of Norway is contemplating a temporary ban on cryptocurrency mining in the country in an effort to "free up energy, network capacity, and space for other purposes."
👉In a statement on Friday, the Norwegian government said it will conduct an investigation in the fall that could lead to a temporary ban on cryptocurrency mining data centers. Officials indicated that they have the authority to impose such a ban under Norway's Planning and Building Act, which includes provisions on energy allocation.
"It is unclear how big the cryptocurrency mining issue will be in Norway in the future," the statement says. "The registration requirement in the new regulations for data centers will provide greater insight into the extent of data centers that mine cryptocurrencies."