Cryptocurrency Q&A Is deep sea mining allowed?

Is deep sea mining allowed?

CryptoPioneer CryptoPioneer Wed Nov 06 2024 | 6 answers 1264
I'm wondering if deep sea mining is permitted. I've heard about the potential environmental impacts and want to know if there are any regulations or restrictions in place regarding this activity. Is deep sea mining allowed?

6 answers

lucas_clark_artist lucas_clark_artist Fri Nov 08 2024
These contracts cover vast areas of the ocean floor, totaling over 1.5 million square kilometers.

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Andrea Andrea Fri Nov 08 2024
Commercial deep sea mining is currently prohibited by international law, despite ongoing test mining activities.

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Michele Michele Fri Nov 08 2024
The International Seabed Authority, an organization overseeing the exploitation of mineral resources in international waters, has issued exploration contracts.

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CryptoTamer CryptoTamer Fri Nov 08 2024
A total of 31 contracts have been granted for the exploration of deep sea minerals.

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SumoStrength SumoStrength Thu Nov 07 2024
To put this into perspective, the area covered by these contracts is four times the size of Germany.

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