Norway passes data center legislation signaling more scrutiny for Bitcoin miners
Norway passed new legislation related to data centers, signaling more potential scrutiny for Bitcoin ( BTC ) miners.
The new legislation will mandate official registration from all data centers in the country, including information about the owners and leaders of these centers and the type of digital services they offer. Norway will become the first European country to establish such a framework.
With the new legislation, the government hopes to offer politicians a better overview of data centers in their municipalities, which will offer a better basis for accepting or declining their operations, said Terje Aasland, Norway’s minister of energy.
“The purpose is to regulate the industry in such a way that we can close the door for the projects we do not want”
The decision could mean more scrutiny for Bitcoin miners in the country, on top of the upcoming Bitcoin halving , which will reduce block issuance rewards in half, endangering the profitability of Bitcoin miners.
The crypto mining industry has been largely unregulated in Norway, added Aasland:
“[Crypto mining] is linked with large greenhouse gas emissions, and is an example of a type of business we do not want in Norway.”
The minister added that they are not interested in businesses looking to extract cheap energy from the country.
Related: Samsung secures $6.4B grant to expand Texas chip manufacturing: Report
This is a developing story, and further information will be added as it becomes available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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