The European Central Bank's point man on cryptocurrencies has resurrected a call for banning Bitcoin and other energy-intensive tokens — and said that a bloc-wide tax on digital assets was needed to mitigate the harm they cause.
Attacking the core structure of blockchain technology, Panetta said that "trustlessness" — allowing two unknown parties to do business without a financial middleman ensuring the transaction will go through as intended — can't "be replaced by religious faith in an algorithm. It requires transparency, regulatory safeguards and scrutiny."
Separately, The Block reported on Monday that it had seen a draft of a new crypto tax proposal by the European Commission that would raise $2.5 billion. Panetta said that the EU should "tax cryptoassets according to their social costs," which include "the high energy and environmental costs" associated with some crypto mining and validation activities.
Who are they to tell me where I spen my income?
FRZSS FRZ_CHAIN FRZSS_COIN 🔥🔥🤩🤩🚀😍💪💯💯🥰🥰
FRZSS will launch its own blockchain soon...🚀🚀😍😍💪
You have to laugh
J'aime
They want to implement CBDC's Bitcoin gives them another option This is their attempt to remove the other option
The energy prop,‚em, is the only pretext they have. I think that could be contered easily by any crypto organisation. A lot of sides are next to flowing water of sun exposure. Right.
Take ardr Jelurida
scared cockroaches
Good
I'm gonna assume (the mother of all...) Fabio Panetta has got himself a fat bag of ethereum
Trying to kill flies with cannon shots... good luck 🤣🤣
Do your own research as usual but this is something that may give you new hope for the space during this winter. RadFi2022
Europeas officials giving $Btc the last push off the cliff.
This guy is dull, there is a lot of scam going on in the traditional “banking System” were billions of dollars are lost. Did he come to say that they should ban the banking system.
this will be epic , they want btc more cheap than now
Here we go 🤷🏻♂️ there’s going to be a war
Why does no one speak about that
Thank you for telling us about it!!
Why doesn't anyone talk about it
All we need to ban is the EU itself.
Tell everyone about it!!!
Why is no one talking about this?
Why does no one speak about that