Law Decoded: The difference between New York City and New York State, April 2...

Law Decoded: The difference between New York City and New York State, April 2...

New York State moratorium on PoW mining reinvigorates the conversation around crypto industry's sustainability. Last week, New York dominated crypto media headlines in very different ways. In New York State, the local Assembly voted in favor of the bill that would ban for two years any new mining operations that rely on proof-of-work (PoW) consensus mechanisms and use fossil fuel-generated energy. A temporary moratorium, which could be extended after the state’s Department of Environmental Conservation provides its assessments of the industry’s carbon footprint, marks the first major....


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