Norway | Crypto

A temporary ban could be imposed as early as autumn based on an investigation into crypto miners’ energy consumption. The government of Norway is considering a temporary ban on crypto mining in the country in an effort to “free up power, network capacity and area for other purposes.” In a Friday notice, the Norwegian government said it would be conducting an investigation in autumn that could result in a temporary ban on crypto mining data centers. Officials said they had the authority to enforce such a ban under Norway’s Planning and Building Act, which includes provisions on allocating energy. “It is uncertain how big a problem crypto mining will become in Norway in the future,” the notice reads. “The registration requirement in the new data center regulations will provide increased knowledge about the scope of data centers that mine cryptocurrency.” Read more

Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20. According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns. The government says the aim is to […] The post Norway eyes crypto mining ban amid local firms’ heavy investments in Bitcoin appeared first on CryptoSlate.

Norwegian digital asset firm K33 has launched a directed share issue aimed at raising $9 million, with proceeds earmarked for Bitcoin purchases The post Norway’s K33 Plans $9M Raise to Buy Bitcoin, Targeting 1,000 BTC Treasury Milestone appeared first on Cryptonews.

Norwegian Block Exchange (NBX) shares surged over 138% in a single day after the Oslo-based crypto exchange revealed it had begun adding Bitcoin to its treasury. The post Norway’s NBX Stock Rockets 138% After Surprise Bitcoin Treasury Buy — What’s Next for the BTC Price? appeared first on Cryptonews.