European Commission Informs EU Countries to Prepare to Halt Crypto Mining
20 Oct,2022
The European Commission, the executive of the European Union (EU), has informed the European Union members to be ready to block crypto mining.
According to the press release regarding the digitalization of EU energy systems, the European Commission highlighted that due worrying situation concerning energy supplies, some European countries may be forced to halt crypto mining.
According to the European “Commission Staff Working Document” Europe is responsible for approximately 10% of the world’s crypto mining. Germany and Ireland are leading the way, with Sweden joining the group after China banned crypto mining.