ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban – Regulation Bitcoin News

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Ban on proof-of-work crypto mining is probable, European Central Bank says in a new report.

Exploring the policy implications of these segments of the crypto market, the authors of the paper insist that the growth and increasing use of stablecoins around the world require immediate implementation of the necessary regulatory, supervisory, and oversight frameworks, such as thelegislation, before the interconnection between these digital currencies and the traditional financial system deepens further.

Initially serving mainly as a “relatively safe ‘parking space,’” the use cases for stablecoins have multiplied in recent years, the eurozone’s monetary authority notes, even more so with the rise of defi applications, which represent another rapidly expanding segment of the crypto market, especially over the past year.

 

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Euro is dead !

miners being pushed to the country that designed their need? the country that calls it a commodity....

Byebye btc Buybuy xrp

thebearablebull Bye bye Bitcoin

Only a matter of time before US central banks start tryin for it Feds don't like work

Glad we discovered IOHK_Charles

Lionel46294550 😆

They will make things worse for themselves, the mining and the profits from it will go to other countries 🙄

Please don't ban Someone's work is at stake here

Why they choose it?

They are afraid.

Because they know they can't control it

Then investors should hold EOS

Welcome to IOTA 🦋 No fees, GREEN, gets faster over time, staking, NFTs, DAO, IOT, Identity (like VET) running projects, The Netherlands is 1 of them. Subsidies from Europe and a few more interesting projects like Tanglepay, Soonaverse, Shimmer, ASMB, staking, web3, games and you

Why is no one talkiing about thiss_,,

We need more crypto people lobbying our politicians.. Mining has been moving over to cheaper unused energy (solar, wind, geothermal, unused flare-gas) sources for a long time.

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