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Developed countries, for their part, put a moratorium on new.

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New York City Mayor Eric Adams is still focused on making New York a world crypto hub. As reported on November 25, he believes the target. New York City Mayor Eric Adams has declared that he's in favor of cryptocurrency but against cryptocurrency mining. The newly elected politician � who has. Adams no longer talks much about crypto. After months of deliberation, Gov. Kathy Hochul signed into law a two-year moratorium on crypto mining.

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Some foreign governments like China, Kosovo and Kazakhstan have cracked down on mining after their energy grids were unable to sustain the stress caused by the process. Adams has sought to shift that impression. If enacted, the legislation establishing a State-level moratorium on cryptocurrency mining operations that use a proof-of-work method for authentication would provide a two-year window in which the State can evaluate its options, and the City similarly could use this time to focus on and prioritize these important energy and environmental concerns.