New York governor signs first-of-its-kind law cracking down on bitcoin mining — here’s everything that’s in it

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New York Gov. Kathy Hochul signed a law on Tuesday banning certain bitcoin

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mining operations that run on carbon-based power sources.

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For the next two years, unless a proof-of-work mining company uses 100% renewable

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energy, it will not be allowed to expand or renew permits, and new entrants will not be allowed to come online.

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New York Gov. Kathy Hochul signed a law Tuesday banning certain bitcoin

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mining operations that run on carbon-based power sources. For the next two years,

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unless a proof-of-work mining company uses 100% renewable energy.

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it will not be allowed to expand or renew permits,

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and new entrants will not be allowed to come online.

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