Re: Do You Think Bitcoin Mining Will Be Banned Due to Fears of Climate Change?
⭐ Merited by o_e_l_e_o (4)
Maybe I am just too big of a pessimist but I don't see the EU going against Big Brother when it comes to big major decisions.
I don't disagree, but bitcoin mining is hardly on the same scale as open war with Russia. I'm sure I read in the last few months that some UK politicians were talking about making the UK attractive for cryptocurrency businesses, which is in stark contrast to the horrendous bitcoin related bills and laws currently making their way through the US government.I also don't think the EU will follow everything Big Brother says, national interests must always come first. What you are talking about is the new prime minister of the UK, Rishi Sunak, Rishi is the one who has stated that he wants the UK to be a crypto hub during his time as finance minister.
https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub
And in one of the latest news today, UK lawmakers are voting in favor of cryptocurrencies becoming a financial instrument. This bill will be passed if it is passed by parliament and approved by King Charles III, the Bill will go into effect soon. This is very good news for the crypto industry.
https://www.coindesk.com/policy/2022/10/25/uk-lawmakers-vote-to-recognize-crypto-as-regulated-financial-instruments/
