Progress

Current status
in force
22 Nov 2022 in force
02 Jun 2022 under deliberation
03 May 2021 under deliberation

Scope

Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
Government Body
parliament
Implementation Level
subnational

Timeline of events

22 Nov 2022
in force

Implemented New York State Crypto Mining Moratorium Bill

On 22 November 2022, the New York Senate Bill S6486D establishing a moratorium on cryptocurrency mining operations using proof-of-work methods to authenticate blockchain transactions was implemented after being passed by the Assembly and signed by t…

Source
Event type law
Action type implementation
Government branch legislature
Government body parliament
02 Jun 2022
under deliberation

Passed New York State Crypto Mining Moratorium Bill

On 2 June 2022, the New York State Senate passed Senate Bill S6486D that establishes a moratorium on cryptocurrency mining operations using proof-of-work methods to authenticate blockchain transactions. The Bill sets out that for two years, no new p…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
03 May 2021
under deliberation

Introduced New York State Crypto Mining Moratorium Bill

On 3 May 2021, a bill that establishes a moratorium on cryptocurrency mining operations has been introduced in the New York State Senate using proof-of-work methods to authenticate blockchain transactions. The Bill sets out that for two years, no ne…

Source
Event type law
Action type introduction
Government branch legislature
Government body parliament