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The EU’s Near Miss on a Proof-of-Work Ban

The Breakdown

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Cryptocurrency in Europe

The european parliament votes on environmental sustain ability standards that look like a pretext for a bitcoin ban. If it passes, europe would single handedly cut its chances to be relevant in an industry that will create enormous opportunities and jobs over the next decades. With china's crack down on crypto mining, the us. Is now in the lead of bitcoin mining. Meanwhile, us D denominated stable coins are growing at a rapid rate, nearly 200 billion now, versus 38 billion a year ago. Where's europe in this? Not in the mix. Protectionism defeats the very markets one tries to protect. Europe still has a chance to be a relevant player alongside the us. Trying

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