In Sweden They Want to Ban Bitcoin Again

Not even a year has passed since the negative statements of the Swedish regulators about Bitcoin and other cryptocurrencies, as a discontented exclamation towards the digital economy is again heard from Sweden.

The Riksbank is calling for a ban on Bitcoin and Proof-of-Work cryptocurrencies due to their negative impact on the environment. The bank conducted a study and concluded that the mining of such cryptocurrencies consumes as much energy as 200,000 households.

The Riksbank statement has already received negative feedback from crypto enthusiasts. Bitcoin maximalist Knut Svanholm and the founder of the Swedish crypto exchange BTCX opposed it.

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