Energy

New York passes first crypto-mining ban in US

By Christopher Hutton
Published November 23, 2022 4:08pm ET
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New York passes first crypto-mining ban in US
In this 2014 photo, Bitcoin logos are displayed at the Inside Bitcoins conference and trade show in New York. Because of how cryptocurrencies like Bitcoin are mined, they have unique digital identities. And that design is something law enforcement and regulators can exploit to identify people using cryptocurrencies to hide illegal activity. (AP Photo/Mark Lennihan, File) | Mark Lennihan

New York has passed the United States’s first ban on crypto mining in an attempt to cut back on the digital currency’s effects on the environment.

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Cryptocurrency Kathy Hochul New York Regulations