The European Commission, which prepares common laws and regulations for all European Union countries, in a document shared on its website today. cryptocurrency he set his miners on the target board.
EU Commission, member states cryptocurrency mining He published a report that he should be ready to ban. It looks like crypto miners will be subject to a number of sanctions in the EU due to the amount of energy they spend.
Energy Crisis Will Hit Crypto Miners Too!
Europe is preparing to spend the most difficult winter season of recent years due to the Russia-Ukraine war that has been going on for about 8 months. With the beginning of the war, the EU began to impose sanctions on Russia in many areas. The Russians, on the other hand, turn off the energy taps of the member states in response to the sanctions.
Rising prices on Russia’s energy cuts left the EU in a very difficult situation. The amount of energy they used when conditions were this bad put crypto miners on the target board.
In the document it published, the EU Commission announced that the miners have deepened the current energy shortage.
“If the electricity energy needs of EU member states are not met, it is inevitable for countries to ban crypto mining.”
In the report, the commission announced that the amount of energy consumed by crypto miners has increased by 900% in the last 5 years. The EU is preparing to take the necessary measures to end this situation.
10% of the total of crypto miners working with proof of work are located in Europe. In addition to the energy sanction, one of the main goals of the commission is to end tax cuts granted to miners.
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