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International Business Times
International Business Times
Business
Marvie Basilan

HISTORICAL FACTS: Norway passes data centers law in bid to block crypto mining | History Defined

Mining Crypto Norway Bitcoin Terje Aasland 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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