Europe's stance on crypto is getting more brutal with DeFi, PoW and stablecoins under main threat btc cryptocurrency bitcoin eth crypto $btc $eth
that paints a picture of Europe's concerns about cryptocurrencies. The document touches on topics such as the role of stablecoins, the environmental risks of Proof-of-Work consensus and the area of decentralized finance.At the moment, the state authorities of the European Union face a choice similar to the situation in the automotive sector, whether to encourage a
, which is assigned the role of the crypto-version of electric cars, or to focus efforts on limiting or banning PoW, which is compared to conventional cars.are already eliminating most countries' emissions savings and the global net savings from incentivizing electric car transitions. Thus, a"no action" approach by government officials is possible, but unlikely. Political action by the authorities, however, whether it be disclosure requirements, a carbon tax on crypto transactions or ownership, or an outright ban on mining is a more realistic option.
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