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Sweden asks European Union to ban cryptocurrency mining in Europe

Sweden asks European Union to ban cryptocurrency mining in Europe

In a recently released statement, the Swedish Financial Supervisory Authority proposed a ban on cryptocurrency mining in European Union countries. According to the regulator, mining activity for Bitcoin and other cryptoactives based on the Proof of Work (PoW) algorithm could prevent the country and the

Bitcoin could collapse, warns Central Bank of Sweden

Bitcoin could collapse, warns Central Bank of Sweden

Sweden’s central bank governor compared the Bitcoin market to commercial stamps, questioning the staying power of coins without government support. “Private money usually collapses sooner or later,” said Riksbank (Central Bank of Sweden) Governor Stefan Ingves at a banking conference in Stockholm. “And of course