July 25, 2022
Regulatory Briefing: ECB warns on climate-related risks of crypto mining
In future, what limited renewable energy is available for mining cryptocurrencies is likely to be diverted away from the highly energy-intensive bitcoin sector, the European Central Bank cautions in its latest Macroprudential Bulletin. Prudential regulators may want to capitalise this risk, possibly with “punitive” treatment of these assets.
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