Post
Topic
Board Bitcoin Discussion
Re: Bitcoin mining ban in Europe
by
passwordnow
on 22/10/2022, 04:16:30 UTC
https://www.coindesk.com/policy/2022/10/18/eu-countries-must-be-ready-to-block-crypto-mining-commission-says/
EU Countries Must Be Ready to Block Crypto Mining, Commission Says
"The European Union's executive arm also wants blockchains to show energy-efficiency labels and to end crypto tax breaks.
Europe represents 10% of global proof-of-work mining"

Can this affect the price of bitcoin or is this another anti-mining statement?
I don't think that there will be any effect on the price of bitcoin just because another continent has said something against mining and bitcoin. Just like the typical statements from countries that have said something about banning bitcoin et. al., the price doesn't react so much anymore with that. I think this has something to do about centralization and that's what they want to implement so they want to ban PoW and wanted to be favorable with PoS.