Computers

Swedish Regulators Call for a Ban on Cryptocurrency Mining


China is no longer alone in thinking cryptocurrency mining should be banned: Sweden’s Financial Supervisory Authority and Environmental Protection Agency recently called for mining to be banned due to its environmental impact.

The regulators didn’t mince words in a statement published on November 5 titled “Crypto-assets are a threat to the climate transition – energy-intensive mining should be banned.” (Hat-tip to Fortune.) In it, the Financial Supervisory Authority and Environmental Protection Agency criticized miners’ plans to use renewable energy:


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