European Central Bank Predicts “BTC Ban” Amid Climate Concerns

It is unlikely that a crackdown on fossil fuel cars will exclude Bitcoin mining, says ECB Research.    The European Central Bank recently released a new research paper suggesting that Bitcoin could be restricted along with fossil fuel vehicles. The article, posted on Tuesday, refers back to reports that emphasize the high rate of energy consumption in the crypto industry. These reports, as often repeated, indicate that PoW mechanisms like Bitcoin consume enough electricity to conveniently power mid-sized countries like…