The Norwegian government plans to temporarily ban cryptocurrency mining

According to The Economic Times, the Norwegian government announced on Friday that the country plans to temporarily ban the establishment of new data centers that use the most power consuming technology to mine cryptocurrency, in order to save electricity for other industries. Digital and Public Administration Minister Karianne Tung stated that the Labour government has a clear intention to limit cryptocurrency mining activities in Norway as much as possible. Cryptocurrency mining is highly energy intensive and creates minimal job opportunities and income for local communities. The government has stated that this temporary ban may be implemented in the autumn of 2025.