Sweden wants to reduce cryptocurrency mining in Europe

According to a December 6 article, Swedish authorities are calling on regulators across Europe to unite and enact legislation to crack down on cryptocurrency mining plans. consumes a lot of energy according to the Paris agreement. These concerns were raised by Erik Deen, director of the Swedish Financial Protection Agency, and Bjorn Risinger, director of the Swedish Environmental Protection Agency. In the opening statement, both said too much energy had been spent on cryptocurrency mining and that use had increased to 700%. They warn that if Sweden allows the mining industry to more crypto assets, renewable energy resources may not be enough to deal with the climate change we need. (Live Bitcoin News)