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The Norwegian government plans to temporarily suspend new mining operations of bitcoins. This drastic measure motivated by energy concerns could redraw the European mining card.
In short
- Norway could temporarily forbid the new cryptocurrency mining centers in the autumn of 2025.
- The government believes that energy must be redirected to be considered more useful.
- Bitcoins, dogecoin and other cryptos working on evidence of work are directly concerned.
- This decision is part of the global tendency of repression, China and tax pressure in the US.
Government offensive against the bitcoin mining industry
The Minister of Energy, Terje Aasland, formalized the position of the Labor Government: It is the main turning point in the Norwegian energy strategy. The goal is clear:
Loosen the capacity of land, electricity and network in favor of multiple creative activities.
Most energy -intensive technologies, especially those based on evidence of the work mechanism (proof of work in French), above all. Bitcoin is therefore in the first line, followed by cryptos such as dogecoin, bitcoin cash or litecoin, as well as this increase in control pressure.
This offensive does not happen by accident. Since 2018, Norway has begun to reduce its support for the mining industry by removing electric grants. The ban on new projects would mean a remarkable escalation in this policy restrictions.
Nevertheless, the government is trying to save technological innovations. ” Useful use of blockchain and AI technology remains important “He said an official press release.
Energy challenges that disrupt European balance
The outbreak of energy prices in Norway is one of the main factors of this turnover. The country, formerly advantageous with its abundant hydroelectrity, is now influenced by the European Energy Crisis.
Agreements on connection with neighboring countries are gradually transforming Norway into a “battery” of the continent at the expense of their own consumers.
In the face of this pressure, the authorities prefer “socially useful” use of electricity. Classic data centers and AI applications are preferred, while the mining industry, perceived as speculative, is included in the background.
The impacts far beyond the Norwegian borders. This decision is part of the global regulatory movement.
Already in 2021, China caused massive exodus minors to the United States. Other European countries carefully follow the Norwegian experience.
Paradoxically, this regulatory pressure comes when the American industry passes through the main crisis itself. Archaic tax rules and customs tariffs of Trump’s administration financially strangled operators throughout the Atlantic.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.