legality of bitcoin by country or territory
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EU Regulator Wants to Ban Proof of Work Crypto Mining to Avoid Climate Disaster
One of the European Union’s top regulators has a new proposal for reducing cryptocurrency’s carbon footprint: ban proof of work mining. The proposed prohibition, suggested by European Securities and Markets Authority Vice Chair Erik Thedéen during a Financial Times interview, would apply to EU nations and would come in tandem with a pivot to a less…
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Bitcoin Miners Are Gobbling Up U.S. Energy
There’s a big new presence slurping up power from the U.S. grid, and it’s growing: bitcoin miners. New research shows that the U.S. has overtaken China as the top global destination for bitcoin mining and energy use is skyrocketing as a result.
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China’s Alibaba to Stop Selling Crypto Mining Machines
Alibaba, China’s largest online retailer, will stop selling cryptocurrency mining machines, according to an announcement published online Monday. The ban comes after the Chinese government made its own sweeping announcement on Friday banning all cryptocurrency trading in the country.
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The Cryptocurrency Lobby Is a New Major Climate Enemy
The United States Senate on Tuesday approved the weak $US1 ($1.5) trillion bipartisan infrastructure package after negotiating for weeks. It will now head to the House of Representatives for final approval. Tucked into the end of the bill are provisions on cryptocurrencies that became a major sticking point in the waning hours of the Senate’s…