Norway is considering temporary ban on cryptomining for energy saving

Norway could temporarily suspend the dismantling of cryptocurrencies this year. The government announced on Friday that it would check whether a temporary ban for mining data centers should be imposed, since energy and network capacities would have to be reserved for more urgent purposes.

Officials say that the Suggestion The country's planning and building law is based, which allows the authorities to restrict activities that burden the local energy sources. The review planned for autumn is intended to assess how much electricity crypto operations consume and whether they represent a growing challenge.

Rising energy costs across Europe- tightened by the war in Ukraine and the scarce oil and gas supplies- have already prompted Norwegian communities to defend themselves against loud, power-hungry mining locations.

A new registration obligation for data centers, which is also expected this year, should give the regulatory authorities a clearer picture of which facilities are active in the area of crypto mining and how big they are.

The government has not stated how long a moratorium could take or whether existing mines would be excluded, but civil servants indicated that freezing would only be temporary while examining long -term political options.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.