Norway Plans Temporary Ban on Power-Intensive Crypto Mining

Published at 2025-06-20 12:07:40

Norway's government has announced plans to impose a temporary ban on new data centers utilizing the most power-intensive cryptocurrency mining methods starting autumn 2025. This legislation aims to preserve precious electricity resources for other vital industries, reflecting increasing concern over the environmental and economic impacts of crypto mining.

Minister for Digitalization and Public Administration Karianne Tung highlighted that the Labour Party-led government views cryptocurrency mining's high energy consumption as unsustainable, especially given its minimal contributions to job creation and the local economy.

This move in Norway aligns with global discussions about balancing the digital economy's growth with environmental responsibility. For crypto enthusiasts seeking responsible ways to invest, platforms like Bitlet.app offer innovative solutions such as Crypto Installment services, allowing users to buy cryptocurrencies now and pay over time, providing flexibility while being mindful of energy consumption trends.

By carefully managing energy-intensive operations, countries like Norway are setting benchmarks for sustainable digital development, encouraging the crypto community to adopt greener practices.

Explore Bitlet.app today for smarter crypto buying options that align with a more sustainable future.

Share on:

Related news

China Considers Yuan-Backed Stablecoins to Boost Global Currency Use

China is exploring yuan-backed stablecoins to internationalize its currency, marking a significant shift from its past crypto policies. The plan focuses on regulatory frameworks and deployment in major cities like Hong Kong and Shanghai, aiming for low-cost global transactions amid rising geopolitical and economic challenges.

Gemini's IPO Amid Losses and Expanding Crypto Industry Developments

Gemini launched its IPO despite significant losses, while the crypto sector sees major regulatory and market shifts including grassroots advocacy, Federal Reserve policy changes, new stablecoin approvals, and other company IPO moves. Discover how these affect your crypto investments and opportunities like Bitlet.app's Crypto Installment service.

Do Kwon Pleads Guilty in TerraUSD Collapse Fraud Case

Do Kwon, known as the cryptocurrency king, admitted guilt in a Manhattan federal court for fraud related to the $40 billion Terraform Labs collapse, impacting global investors.