The life cycle assessment of the proof-of-work process is repeatedly the subject of ban debates. The deputy chairman of the European Securities and Markets Authority, Erik Thedéen, is now calling for a rethink in the industry – and wants to ban crypto mining.
Erik Thedéen, deputy chairman of the European Securities and Markets Authority (ESMA), has spoken out in favor of a ban on proof-of-work-based crypto mining , according to the Financial Times .
Bitcoin mining has therefore become a national issue: “The solution is to ban proof-of-work. Proof-of-Stake has a significantly lower energy profile,” explained Thedéen.
Thedéen wants to start a debate about the energy consumption in the crypto sector: "We have to have a discussion about the conversion of the industry to a more efficient technology".
The Bitcoin life cycle assessment repeatedly causes debates about prohibition.
In November , the Swedish financial regulator also called for a corresponding ban.
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