Is New York banning bitcoin mining? — The cryptocurrency markets are already in a meltdown. Now New York is the on verge of becoming the first state in the nation to partially ban some energy intensive Bitcoin mining operations.
Is it legal to mine ethereum in New York? The New York Senate has passed a bill that bans crypto mining operations that use carbon-based fuel to power their facilities.
Is crypto mining legal in US? You may want to look into local regulations where you live, but for now, bitcoin mining is legal in the U.S. and most other countries, but not all U.S. states allow it.
Can you trade crypto If you live in New York? Because of the BitLicense, are Crypto Exchanges Legal in New York? The short answer is: yes. As long as a company holds a valid BitLicense while doing business in New York or with New Yorkers then they are perfectly within the law to provide cryptocurrency services. This is exactly what the BitLicense was created for.