Bill to suspend BTC mining in New York receives additional support from lawmakers

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Two more members of the New York State Assembly signed as co-sponsors of a piece of legislation that imposes a three-year moratorium on bitcoin mining across the state.

A bill submitted by the Environmental Protection Agency to suspend Bitcoin mining in New York for three years received additional support from lawmakers. The 43 co-sponsors of the bill were joined by two more senators from the state of New York – Amy Paulin and Ken Zebrowski.

In addition to imposing a three-year moratorium on the mining of cryptocurrencies using the PoW algorithm, the bill will require the New York State Department of Environmental Protection to assess the impact of the mining industry on water quality, air quality and greenhouse gas emissions. The moratorium will also impose a ban on the mining of cryptocurrencies at the sites of former power plants that use fossil fuels.

Despite the support of the bill by the new senators, only 45 of the 150 members of the Senate signed the document. This is not enough for it to be sent to the governor for final approval as law.

Earlier, EU legislators also considered the possibility of banning cryptocurrencies on the PoW algorithm. However, in early March it became known that legislators had excluded this item from the text of the bill.

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