I’ve been trying to figure out how the EU planned to enforce this. For years, crypto people have believed that governments can’t control Bitcoin. Would that have magically changed because the EU said so?
I’ve been trying to figure out how the EU planned to enforce this. For years, crypto people have believed that governments can’t control Bitcoin. Would that have magically changed because the EU said so?
No, I don't think so, it would have just slowed it down for a bit. If the EU banned mining, it would be a boon for the US, especially after China banned it.
However, all they can really do is shutdown the farms they know of I think. However, if it is for environmental reasons, it is better to have the lining in Europe and, it can be one of the driving forces for clean tech, as it can essentially self-fund its development.