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Norway Wants to Restrict Crypto Mining by Regulating Data Centers, Lawmakers Say

Norway's government is introducing a law for data centers partly in an effort to block energy-intensive crypto mining in the country, according to a report by local news outlet VG that cited two lawmakers. Digitalization Minister Karianne Tung and Minister for Energy Terje Aasland say the law will regulate the data-center industry for the first time. Both lawmakers agree they don't want cryptocurrency mining in the country, according to the publication. Crypto miners have set up in countries such as Norway and Sweden where renewable power sources, such as hydroelectric power, are in abundance. Sweden increased taxes for data centers last year, also in a bid to squeeze out crypto miners.

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