Despite holding off to date, a Bitcoin ban by the EU could be on the horizon. But Bitcoin doesn’t ask for permission.

cross-posted from:

In general, the ECB believes it’s highly unlikely that the European Union will not take action in terms of carbon emissions on PoW-based assets like bitcoin. The authors of the paper argue that in their view it’s likely that the EU will take similar steps on phasing out PoW as they are doing with fossil fuel cars. Especially since, according to them, an “alternative, less energy-intensive” technology like PoS exists.

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