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Turkey's Central Bank Weighs In on Bitcoin Energy Concerns as Regulation Looms
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
Tags: Bitcoin,Central Bank,environment,Turkey
Link: Turkey's Central Bank Weighs In on Bitcoin Energy Concerns as Regulation Looms [Copy]
