• A bill to ban the energy-intensive mining of cryptocurrencies like bitcoin was rejected by the Norwegian parliament on May 10.
  • The communist Red Party, which drafted the bill, was supported by both the Green Party and the Socialist Left Party.
  • The minority also attempted to introduce an electricity tax for energy-intensive cryptocurrency miners.

A bitcoin law aimed at eliminating energy-intensive cryptocurrency mining was defeated in Norway with a majority vote by the Norwegian Parliament on May 10, according to a translated report by the local newspaper E24.

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