New York State Assembly Passes A Ban Bill On Bitcoin Mines Using Carbon Fuel
The new Bitcoin mining bill will now be sent to the Senate for consideration before being signed into law by Governor Hochul. The New York State Assembly passed a bill late Tuesday, April 26, that would impose a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon-based […]
New York State Orders BitLicensed Crypto Firms To Pay Annual Assessment Fees
The fees will be comparable to those paid by banks and insurance companies, allowing the state to recoup operating expenses and support the virtual currency industry. The cost of operating a crypto business in New York is about to increase, as the state government is preparing to require BitLicense holders to pay assessment fees to […]