New York Governor yet to commit to signing Bitcoin mining ban into law

New York Governor yet to commit to signing Bitcoin mining ban into law

“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months,” said Governor Hochul. New York overnor Kathy Hochul is yet to publicly commit to signing the controversial Proof-of-Work (PoW) crypto mining ban bill, instead noting that her team will be looking “very closely” at the proposal over the next few months.If she signs the bill into law, PoW crypto mining operations backed by fossil fuels would no longer be able to set up shop or renew existing licenses in New York. Under the new regulations, only PoW operations backed by 100% renewable....


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