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đš Bitcoin on hold: is Europe considering a total ban?
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.
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.
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