Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban

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Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban

   Uncategorized    November 8, 2021  |  0

A joint statement from the directors-general of the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency has called for a total ban on proof-of-work mining of cryptocurrencies, such as Bitcoin (BTC), within the EU. Meanwhile, Sweden’s state-owned power company is publicly defending crypto mining, saying it has the potential to balance the load on power grids….
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