{"id":30949,"date":"2020-10-29T18:06:16","date_gmt":"2020-10-29T16:06:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30949"},"modified":"2025-08-28T00:47:25","modified_gmt":"2025-08-27T21:47:25","slug":"new-york-financial-regulator-calls-on-miners-to-consider-climate-change","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/new-york-financial-regulator-calls-on-miners-to-consider-climate-change\/","title":{"rendered":"New York financial regulator calls on miners to consider climate change"},"content":{"rendered":"<p>The New York State Department of Financial Services (NYDFS) has asked crypto and other regulated firms to assess financial risks related to climate change. <a href=\\\"https:\/\/www.coindesk.com\/nydfs-wants-firms-to-look-closer-into-climate-change-risks\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">CoinDesk<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>The regulator noted that a global temperature rise of one degree Celsius would entail a 1.2% hit to US GDP. This threatens asset devaluation and losses.<\/p>\n<p>The regulator noted that mining could significantly impact the environment. In the regulator&#8217;s view, they should develop strategies to mitigate risks and increase transparency regarding Bitcoin mining equipment.<\/p>\n<p>Earlier, the New York regulator urged crypto firms to prepare an emergency plan in response to the COVID-19 pandemic. The plan was to include employee protection strategies, procedures for assessing financial risks, and other measures.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York State Department of Financial Services (NYDFS) has asked crypto and other regulated firms to assess financial risks related to climate change. CoinDesk reports.<\/p>\n","protected":false},"author":1,"featured_media":30950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,748],"class_list":["post-30949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-new-york"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30949"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30949\/revisions"}],"predecessor-version":[{"id":30951,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30949\/revisions\/30951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30950"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}