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Showing posts with the label bitcoin

Ban or regulate: The world searches for a way to deal with cryptocurrencies

  China bans cryptocurrencies. The Central African Republic is making Bitcoins a legal tender. Meanwhile, the EU failed to require the crypto industry to be more sustainable: Conservatives and the Right prevent the paragraph demanded by the Social Democrats. The world is divided on how to deal with cryptocurrencies like Bitcoin. Proponents point to the security and independence – critics to the high energy consumption and the fight against money laundering and tax evasion.  The fronts for and against cryptocurrency are increasingly hardening. For some, it is an extremely secure, independent means of payment. For others, it is a climate killer and a license for tax evasion, money laundering, and organized crime. At times, there is no unified solution: the world is still searching for a way to deal with cryptocurrencies. China, Egypt, and Iran ban cryptocurrency – The Central African Republic allows Bitcoin as a legal tender. China banned the trade, exchange, and mining of cryptocurrency