If passed, the suspension of both new licenses and renewal applications will last for two years.
The New York state legislature might ban Proof-of-Work (PoW) crypto mining in the state for at least two years, citing environmental concerns. Over the past weekend, on April 23 and 24, several crypto advocacy groups — including the Blockchain Association and Crypto Council for Innovation — rang the alarm over the upcoming vote in the New York Assembly. The state legislature’s official webpage did not indicate a specific date for the vote.1/ New York’s proposed moratorium on proof-of-work (S6486D/A7389C) mining has an unintended consequence – it puts innovation on the back burner. It would have significant implications for the security of major crypto protocols.https://t.co/cOT4njQDqZhttps://t.co/M7LTuHmV1Z— Crypto Council for Innovation (@crypto_council) April 24, 2022
1/ The NYS legislature is preparing to ban PoW
We współpracy z: https://cointelegraph.com/news/new-york-legislators-to-vote-on-pow-mining-moratorium-this-week
