Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

New York Passes Bill To Ban Certain Bitcoin Mining Operations To Preserve Environmental Impact

Friday early morning, New York lawmakers passed legislation banning certain bitcoin mining firms from using carbon-based energy sources. The bill now goes to Governor Kathy Hochul's desk, where she will either sign it or veto it.

What happened: If signed, it would make New York the first state in the country to ban blockchain technology infrastructure, according to Perianne Boring, founder and president of the Chamber of Digital Commerce, reported CNBC.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.