Norway plans temporary ban on power-intensive cryptocurrency mining

Norway aims to impose a temporary ban on the establishment of new data centres that mine cryptocurrency with the most power-intensive technology, in order to conserve electricity for other industries, the Nordic country’s government said on Friday.

“The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,” Minister for Digitalization and Public Administration Karianne Tung said in a statement.

“Cryptocurrency mining is very power-intensive and generates little in the way of jobs and income…