Express

Turkey's Central Bank Weighs In on Bitcoin Energy Concerns as Regulation Looms

Amy Liu

Summary: The Central Bank of Turkey, which is currently working with the other government agencies on the country’s forthcoming crypto regulations, has submitted a report to the Turkish Parliament detailing its views on crypto. And, in a first for a Turkish government agency, the central bank is sounding the alarm regarding the environmental impact of Bitcoin. ...

The Central Bank of Turkey, which is currently working with the other government agencies on the country’s forthcoming crypto regulations, has submitted a report to the Turkish Parliament detailing its views on crypto.

And, in a first for a Turkish government agency, the central bank is sounding the alarm regarding the environmental impact of Bitcoin.

The central bank’s report offers a deep dive into the history and nature of cryptocurrency and lists several risks commonly associated with Bitcoin and other cryptocurrencies. Notably, the report highlights the environmental concerns surrounding crypto: “Crypto mining leads to high energy consumption, contributing to global warming,” the report claims.

By Amy Liu

Last Update:

Tags: ,,,
Link: Turkey's Central Bank Weighs In on Bitcoin Energy Concerns as Regulation Looms   [Copy]
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 15 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 20 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025
  • You need to login to comment.