Auto Added by WPeMatico

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader…

Continue ReadingSweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

Regulator Reiterates Call for EU Ban on Proof-of-Work Mining

The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed…

Continue ReadingRegulator Reiterates Call for EU Ban on Proof-of-Work Mining

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would…

Continue ReadingSwedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry