Sweden proposed a ban on mining in the EU

Swedish authorities believe that mining of cryptocurrencies will interfere with the Paris Agreement on climate change.
Sweden proposed a ban on mining in the EU

In a statement, the head of the Swedish Financial Supervisory Authority Erik Tedeen and the head of the Environmental Protection Agency Bjorn Risinger call on the EU authorities to ban the mining of digital assets by means of mining. As mining Proof-of-Work-based assets harms the environment and prevents compliance with the Paris Agreement.

The heads noted that with the current cost of cryptocurrencies miners emit 120 million tons of CO2 into the atmosphere per year. This is similar to the carbon footprint of 100 million round-trip flights between Sweden and Thailand. This i​s a text from catalogue cryptodefix.

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