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International Business Times

Business

Marvie Basilan

Norway Passes Data Centers Law In Bid To Block Crypto Mining

Mining Norway Crypto Bitcoin Terje Aasland Cryptocurrency Environment

Norway is moving towards blocking crypto mining, and the first step is to regulate data centers. (Credit: Pixabay)

KEY POINTS

The law will require data centers to register with local regulators
Energy minister Aasland said Norway doesn't want greenhouse gas-emitting businesses
Norway previously hinted that it might back a crypto mining ban introduced by Sweden

The Norwegian government has passed a new law that should ultimately lead to shutting down cryptocurrency mining activities in the country, a local report revealed Monday.

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