Norway Introduces Pioneering Legislation to Regulate Crypto Mining Operations

Norway Introduces Pioneering Legislation to Regulate Crypto Mining Operations



Norwegian regulators are poised to implement a new legislative framework specifically targeting data centers, including those engaged in cryptocurrency mining operations. This initiative, reported by the Norwegian news outlet VG, will require data centers to formally register and disclose detailed information about their ownership, leadership, and the nature of the services provided. This pioneering legislation will establish Norway as the inaugural European country to impose regulatory measures on the data center sector.



Digitalization Minister Karianne Tung emphasized the strategic intent behind the legislation, stating, "The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want." The law aims to empower local government officials with enhanced oversight capabilities, thereby


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#Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Mining, #News, #Regulations

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