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The net effect of this, moratorium has been signed into the Chamber of Digital Commerce, would weaken New York's economy follow-on effects previously told CNBC.
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New York Bitcoin Ban! Good for Ethereum Price?New York's law temporarily bans cryptocurrency mining companies that use fossil fuels from receiving or renewing operating permits. New York Governor Kathy Hochul signed legislation temporarily halting certain kinds of crypto mining. The state became a new hub for Bitcoin. Establishes a moratorium on cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions; provides that.
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