New York passes first crypto-mining ban in US

New York has passed the United States's first ban on crypto mining in an attempt to cut back on the digital currency's effects on the environment.

New York Gov. Kathy Hochul signed a two-year moratorium on Tuesday that will temporarily pause new permits for power plants that house the hardware to "mine" cryptocurrency.

The bill was passed in the state legislature over the summer but has been delayed by Hochul for several months.

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