Responsive menu button

EU countries must be ready to block crypto mining, says commission




Members of the European Union (EU) must be ready to block crypto mining, the European Commission, the bloc’s executive arm responsible for introducing new legislation, has said as the region prepares for an uncertain winter, reports Coindesk.

The EU is also developing an energy-efficiency label for blockchains as the disruption of gas supplies from Russia leave some fearing high energy prices, blackouts and shortages.

“In case, there is a need for load shedding in the electricity systems, the [EU] member states must also be ready to stop crypto-assets mining,” the commission said in a document. Load shedding is when energy companies deliberately switch off supply to a certain set of users to avoid the entire grid toppling.

“In the coming months and years, the Commission intends to take various steps to boost digital energy services while ensuring an energy-efficient ICT (information and communication technologies) sector, including… an energy-efficiency label for blockchains,” the commission added.

Read more.



© 2022 Blockchain Ireland