From Outcast to Partner: Crypto's Climate Responses


First, there is an emerging recognition that whether people like it or not, these fundamentally unstoppable new systems are not going away. Many MEPs who had considered backing the so-called “Bitcoin ban” surely did not, not out of any great regard for cryptocurrencies, but rather because they recognized it as futile. They realized that if they were banned from operating in the EU, miners would simply move to other areas with significantly dirtier fuel sources than those in the EU.