Vice Chairman of the European Securities and Markets Authority proposes ban on PoW mining

time:2022-01-20 09:30 source:Internet

On January 20th, considering that PoW mode cryptocurrency mining is a highly energy-intensive business, Erik Thedéen, vice-chairman of the European Securities and Markets Authority (ESMA), suggested that this practice be banned. “We need to discuss how to move the industry to a more efficient technology. The solution is to ban PoW mining,” Thedéen said. As head of the Swedish Financial Services Authority (FSA), Thedéen also highlighted how crypto mining has become a "National Problems". He said: “The financial industry and many large institutions are now active in the cryptocurrency market and they have [environmental, social and governance, or ESG] responsibilities. With ESG concerns pervading the industry, many crypto miners have started using more renewable Energy. Bitcoin is now a national problem in Sweden due to the large amount of renewable energy used for mining.”

  • Positive
  • Latest
  • {{item.nickname}} {{item.publish_time}} sofa bench floor {{item.floor}} floor
    {{item.parentinfo.nickname}} Posted on {{item.parentinfo.publish_time}} {{item.parentinfo.content}}

    Disclaimer : The above empty space does not represent the position of this platform. If the content of the article is not logical or has irregularities, please submit feedback and we will delete or correct it, thank you!

    {{item.praise}} Like {{item.praise}} Like Reply
Come on and grab the couch~
Post a comment
Cancel Reply