Under future new laws, all data centers operating in Norway will be required to register, providing information about the owners and managers, as well as the types of services offered. Energy Minister Terje Aasland announced that Norway will become the first European country to implement such rules:
“We need to regulate mining in a way that closes the doors on companies that we don’t want.”
The new initiative means closer attention to local Bitcoin miners. Cryptocurrency mining in Norway is practically unregulated, while it is accompanied by large emissions of greenhouse gases into the atmosphere. Therefore, the Norwegian government is not interested in supporting businesses that consume large amounts of cheap electricity, Osland said.
“Cryptocurrency mining companies are not welcome in Norway. We celebrate data centers that benefit society. For example, centers operating as data storage servers are an important part of the social structure,” explained the Minister of Energy.
Norway is one of the countries with the cheapest electricity, which makes it attractive to miners. However, mining cryptocurrencies is inconvenient. In 2022, residents of the Norwegian city of Sortland began to complain about the loud noise from local mining farms. This became one of the prerequisites for discussions about the abolition of tax breaks for miners.
Source: Bits
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