There are two primary reasons for the demand of a Bitcoin
Bitcoin is a decentralized digital currency that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Learn more ban. First and foremost Bitcoins energy consumption and environmental impact, which has been stressed by the parties suggesting the ban. Secondly Bitcoin as a tool for criminals and option to avoid sanctions in the case of Russia, which is an argument mostly driven by Christine Lagarde and the European Central Bank. I will argue against both of these proclaimed rationales in the order of their observed relevance and end with an analysis of the EUs options as well as strategic suggestions.
Chapters: 0:00 The EU Bitcoin Ban Proposal (MiCA) 2:30 Chapter 1: Bitcoin and Energy 3:40 Chapter 2: Bitcoin for Criminals and Humanitarianism 7:34 Chapter 3: EU – Decline or Ascend?
