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New York Violates Bitcoin Mining Rights – Bitcoin Journal

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That is an opinion editorial by Aaron Daniel, an appellate lawyer and creator of The Bitcoin Temporary authorized analysis e-newsletter.

Introduction

New York’s legislative meeting handed Bill No. A07389 on June 2, 2022, “establishing a moratorium on cryptocurrency mining operations that use proof-of-work authentication strategies,” similar to these utilized by Bitcoin, “to validate blockchain transactions” (hereinafter, the “Moratorium”).

In different phrases, the Moratorium singles out for regulation certainly one of many several types of cryptocurrency protocol consensus algorithms. And it singles out for regulation the customers — “miners” or “validators” — of 1 particular sort of algorithm.




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