New York’s Bitcoin Mining Ban…Just A Bump In The Road
New York state’s proposed Bitcoin mining ban will only hurt themselves in the long run….Florida and others are waiting with open arms, as they should be…..
NEW YORK’S MISGUIDED LEGISLATION TO STOP BITCOIN MINING WON’T STOP THE INDUSTRY
“Francis Suarez, Mayor of Miami, described the bill as ‘a step in the wrong direction,’ saying that ‘Miami can mine Bitcoin with clean nuclear energy, we want to be the crypto mining capital of the world.’
Meanwhile, more jurisdictions like Kentucky are seeing a growing market for their ‘stranded’ energy and are offering incentives like tax deductions and subsidized energy costs.
‘Savvy jurisdictions see that the world is shifting,” noted Gr’nowska. ‘Wyoming, Texas, Kentucky and Miami see the potential for economic development and are putting in supportive policy frameworks to attract Bitcoin companies, including miners.’