Bitcoin mining was deemed a national issue by the vice-chair of the European Securities and Markets Authority and warned that crypto could pose a risk to climate change goals.
) mining has become a “national issue” and warned cryptocurrencies could pose a risk to climate change goals.
He called upon European regulators to take special exception to proof-of-work mining which is primarily used by Bitcoin and a few other forked altcoins.
The investment firm said that due to the decentralized nature of Bitcoin, there is no lobby or group to defend its interests, which “should not be taken as an opportunity to implement measures rendering illegal an industry for its lack of defensive powers.”
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