News > EU proposes Bitcoin trading ban to push for mining ban

EU proposes Bitcoin trading ban to push for mining ban

Tech Story | 22/04/2022 11:50 AM | Click to read full article

The European Union (EU) proposes a Bitcoin trading ban in order to enforce the mining ban they want to implement.

The idea here is to target proof of work consensus that is not very environmentally friendly with a high carbon footprint. When the same ban on POWs was proposed last time, it didn’t go through.