The EU’s Stance on Bitcoin Energy Consumption

In a screenshot Batten shared, the EU report presents an alarming assessment of Bitcoin and other PoW blockchain protocols. Suggesting a possible ban on Bitcoin and its mining processes in the region, the analysis highlighted that they are environmentally harmful due to their high energy demands.

The report added that this unsafe mining process could threaten the EU’s energy security. These recent remarks tie into a 2023 ‘eTender’ submission titled ‘Developing a Methodology and Sustainability Standards for Mitigating Environmental Impacts of Crypto Assets.’#Write2Earn #JUP #TrendingTopic #TrandNTell