Cryptocurrency industry fights proposed NY moratorium. Here is what’s at stake.
- January 30, 2022
- Posted by: MasterAdmin
- Category: Altcoins
ALBANY, N.Y – New York is a burgeoning industry for Bitcoin due to its cheap energy and shuttered coal plants. But environmentalists and key state lawmakers are not bullish on its future.
In fact, they want to ban it.
Lawmakers in New York who head powerful energy committees are pushing for a three-year moratorium on permits for power plants that burn fossil fuels to mine Bitcoin, a measure that would be the first of its kind in the nation and may be a precursor to regulatory actions by Congress.…