According to a recent report, there is no reason to be concerned about the possibility of a bitcoin ban in the near future.
A recent report Published by the German-language news website netzpolitik.org, which cites documents obtained through Freedom of Information Act (FOIA) requests, says Swedish authorities are working closely with the European Commission to discuss clamping down on proof-of-work consent algorithms. is of.
One of the attendees, whose name has not been disclosed, argued that bitcoin was to follow Ethereum’s example by switching to proof-of-stake. In this way, it will be able to reduce power consumption dramatically. As Reported by U.TodaySeveral environmental groups, including Ripple co-founder Chris Larsen and Greenpeace, recently launched a similar campaign to promote the highly improbable code change.
The article caused a stir on social media, especially among supporters of bitcoin. However, concerns about an impending action on proof of work are likely to be high.
decentralized finance[डीआईएफआई]According to the company’s head of strategy, Patrick Hansen, the alarming report is “primarily FUD” because it refers to old minutes and documents that date back to November and February.
As reported by U.Today, the European Parliament voted against a “real” bitcoin ban in mid-March after facing severe backlash from the industry. Therefore, the cryptocurrency community is out of the woods for now.
That said, some documents have been redacted as policy discussions around bitcoin continue.
In late March, the European Union also voted to ban anonymous cryptocurrency transactions of any size in order to prevent money laundering and other illegal activities facilitated with the help of digital assets.