Bitcoin, Dogecoin Targeted as Norway Eyes Ban on New Crypto Mining Operations

The government said it will "explore the possibility of temporarily prohibiting the establishment of new data centers in Norway that extract cryptocurrency.In brief

Norway's government has said it is planning to impose a temporary ban on new crypto mining operations.

The country has cracked down on crypto mining before.

But the country's ruling Labor Party also said power used for mining digital assets could be put to better use, including for community data centers, and blockchain. 

The country's Labor government said in a statement Friday that it would investigate a temporary ban on new power-intensive crypto mining operations. According to the statement, the power used for mining digital assets could be put to better use, including for community data centers and blockchain.

"During the fall of 2025, the government will explore the possibility of temporarily prohibiting the establishment of new data centers in Norway that extract cryptocurrency with the most power-consuming technology," the statement read.