Bitcoin Mining Ban Proposed by Top EU Financial Regulator

Calls for banning #Bitcoin mining are growing louder in Europe

Bitcoin

1/19/2022 11:34:00 AM

Calls for banning Bitcoin mining are growing louder in Europe

A leading EU financial regulator is calling for prohibiting Bitcoin mining

The solution is to ban proof of work. Proof of stake has a significantly lower energy profile.Thedeen views Bitcoin mining as a hindrance to meeting Paris Agreement climate targets.He, however, has made it clear that he is not advocating for prohibiting cryptocurrencies altogether.

"A national issue"China banning mininghas contributed to the greening of the largest cryptocurrency.According to a survey recently published by the Bitcoin Mining Council (BMC), the share of renewable energy used for Bitcoin mining increased to 58.5% of the fourth quarter.

Read more: U.Today »

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Just a call to buy cheap 😂 Just ban all PoW coins and be done with the old way. They can yell all they want. Bitcoin is unstoppable!

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