EU markets regulator calls for ban on energy intensive crypto mining

crypto mining energy

The vice-chair of Europe’s securities and markets authority has said that proof-of-work crypto mining should be banned. Erik Thedéen warned that crypto mining poses a risk to meeting climate change goals outlined in the Paris agreement in comments to the FT. He said that regulators across Europe should consider a ban on “proof-of-work” mining, a highly energy intensive method for creating new coins which is used by the world’s two largest crypto projects – Bitcoin and Ethereum. “The solution is to ban proof of work,” Thedéen told the FT. “Proof…

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