Norway is reportedly planning to introduce a temporary ban on the development of new data centers linked to crypto -mining, Reuters reported on June 20.
According to the report, the government is expected to carry out the restrictions before the end of the year, stating environmental and energy-saving.
The government says the aim is to maintain electricity for more productive use.
Karianne Tung, the minister of digitization and the public administration of Norway, said that authorities want to reduce the activity of crypto mines as much as possible. She added that these activities offer a limited economic advantage, which yields some jobs or tax revenues, despite consuming large amounts of energy.
In the meantime, this attitude sets Norway at odds with a growing number of countries that turn to Bitcoin -mining to use surplus energy and to stimulate national income.
In particular, countries such as El Salvador, Belarus and Pakistan have embraced the mining programs supported by the State, which support local economies, to stabilize energy networks and lower electricity costs for citizens.
Norwegian firm embraces Bitcoin
While the government pushes back against mining, Norwegian companies deepen their involvement in Bitcoin.
Facts Van Nordics Bitcoin reveals that Aker ASA, an important industrial holding company, currently owns 754 BTC, with a value of more than $ 80 million, making it the largest company holder of the country active.
Crypto-oriented company K33 has also increased its accumulation, which this year acquires 25 BTC and signaling plans to increase its participations to 1,000 BTC.
In the meantime, the Norwegian Block Exchange has recently bought 6 BTC and expects to expand its reserve to 10 BTC at the end of June as part of an exploratory initiative.
These movements suggest that Bitcoin will continue to receive a Treasury assets from Norwegian companies despite the political headwind as a treasury assets.
The business interest corresponds to a global trend that has become a prominent player in the international financial system.
