Coming on the heels of China’s ban of Bitcoin and Ethereum cryptocurrency mining in the nation, the heads of Swedish money and environmental safety authorities this thirty day period revealed an open up letter to the Swedish and the EU governments calling to ban electricity-intense cryptocurrency mining. 

“The social benefit of crypto-assets is questionable,” wrote Erik Thedéen, Director Common at the Swedish Fiscal Supervisory Authority, and Björn Risinger, Director Typical at the Swedish Environmental Safety Company, in the open letter (via The Sign-up). “The buyer risks are considerable, and crypto-belongings are frequently employed for criminal applications. Crypto-property also have a significant detrimental effects on the local climate as mining potential customers to both equally substantial emissions of greenhouse gases and threatens the weather changeover that requires to transpire urgently.”

Topics #Ban #Bitcoin #calls #Ethereum #Mining #Phone #Sweden