A new law in Norway now requires all data centers based in the country to register officially and provide details about their ownership, management, and offered digital services. With this groundbreaking move, Norway becomes the initial European country to institute such an extensive regulatory system for data centers.
The law intends to give Norwegian local authorities a clearer picture of data centers within their jurisdictions, empowering them to make well-informed approvals or denials based on this information. Minister Terje Aasland stressed that the government aims to deter businesses solely focused on leveraging Norway’s affordable energy for their operations.
In Norway, wherecrypto mining hasn’t been regulated until now, there might be heightened scrutiny coming, particularly for Bitcoin miners. With the upcoming Bitcoin halving event that reduces block rewards by half, worries are on the rise. The proposed new legislation adds another layer of difficulty to the financial viability of Bitcoin mining businesses.
Markus Thielen, leading researcher at 10x Research, predicts approximately $5 billion in Bitcoin held by miners may be sold in the coming months post-halving, highlighting the escalating challenges for this sector.
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2024-04-15 16:20