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
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.