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Aurore Lalucq. “In times of war, energy should not be wasted on crypto-assets”

The energy crisis poses a threat of a cold winter for Europeans. Both businesses and individuals may be experiencing energy rationing and are preparing to tighten their belts. In this chorus of calls for energy sobriety, the question of cryptocurrency mining, which consumes a lot of electricity, comes up again.

Member of the European Parliament (S&D) and French economist Avro Laluc, who participated in the development of the regulation of crypto-assets within the European Union, takes a position with the first two texts in this market, MiCA and TFR. While the power may be down, the elected official wants to make sure it doesn’t spur activity “not useful” what is mining “Energy should not be wasted on crypto-assets in times of war. It should be used for warmth, proper nutrition and maintaining our European productive fabric. After setting these priorities, the issue of mining is still far down the list.

Source: Le Figaro

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