{"id":234651,"date":"2022-04-27T17:40:50","date_gmt":"2022-04-27T16:40:50","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=234651"},"modified":"2022-04-27T14:41:49","modified_gmt":"2022-04-27T13:41:49","slug":"new-york-assembly-passes-bill-to-temporarily-ban-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/new-york-assembly-passes-bill-to-temporarily-ban-bitcoin-mining\/","title":{"rendered":"New York Assembly passes bill to temporarily ban Bitcoin mining"},"content":{"rendered":"

The New York State Assembly has passed a <\/span>mining moratorium bill<\/span><\/a> to pause all crypto mining development for two years. The essence of the moratorium is to give the state enough time to examine the impact of mining in the state.<\/span><\/p>\n

Two-year moratorium on carbon-fueled mining<\/b><\/h2>\n

Assemblymember Anna Kelles sponsored the Bill designed to prevent the issuance of new permits for all <\/span>crypto mining<\/span><\/a> activities in the state, especially those that use carbon-based fuel.\u00a0<\/span><\/p>\n

Mining sites in the state that currently use carbon-based fuel will not get a permit renewal to expand their operations. According to the sponsor, the moratorium gives the state a chance to meet the standards set out in the 2019 New York Climate Leadership and Community Protection Act (CLCPA).<\/span><\/p>\n

The Bill had members of the house divided, and pro-crypto advocates argued that it bans crypto mining activities generally. However, Kelles insisted that the Bill would only apply to fossil fuel-powered mining facilities.<\/span><\/p>\n

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It would not in any way restrict the ability to buy, sell, invest, or use crypto currencies in New York State. This bill only pertains to large-scale cryptomining in power plants that use fossil-fuel based energy sources behind the meter. https:\/\/t.co\/UfMipwQpPG<\/a><\/p>\n

— Anna Kelles (@annakelles) April 25, 2022<\/a><\/p><\/blockquote>\n