Cryptocurrency Mining Faces Intense Opposition Internationally
As Power Outages and Climate Change Policies Disrupt the Energy Usage, Cryptocurrency Mining Comes Under Fire Q4 2021 hedge fund letters, conferences and more Bitcoin and other popular cryptocurrencies face an uphill battle against regulators in multiple countries looking to completely ban the mining of said currencies. Regulators, politicians, and business leaders are concerned about crypto mining’s heavy usage of energy to create new tokens and verify transactions. As a result, many countries have already banned mining and the usage of cryptocurrencies. Unfortunately, more countries are also...