The European Central Bank (ECB) is raising its tone against Bitcoin â ïž and no longer rules out the idea of a complete ban on the Old Continent. In a shocking report published in October 2024, the institution condemns the functioning of the king of cryptos: according to it, early holders unfairly profit from new entrants, creating a system close to a pyramid scheme đ§±.
But that's not all. The ECB also criticizes the massive ecological footprint of Bitcoin đ, pointing out its high energy demand related to mining âĄ. It even goes so far as to deny its status as a currency or serious investment asset, labeling it as a purely speculative asset đČ with no concrete utility.
In this tense climate, the European Union is taking action: it imposes new strict regulations đ, requiring all crypto-related services to comply by December 30, 2025 âł. The goal: to regulate markets, combat money laundering, and better protect investors đĄïž.
Bitcoin, once a symbol of financial freedom â, is it becoming public enemy number 1 in Europe? One thing is certain: its future on European territory is now uncertain.
Sources: Cointribune.com
