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Researchers Say Bitcoin Mining Bans May Have Unintended Environmental Consequences

  • Bitcoin mining bans in eco-friendly regions may drive operations to higher-emission areas, potentially worsening global carbon output.
  • Banning mining in environmentally friendly countries could lead to the relocation of operations to regions with higher carbon emissions, resulting in aggravated carbon leakage.
  • For example, if Canada banned Bitcoin mining, it could increase emissions by 5.6% and add 2.5 million tonnes of CO2 annually.
  • Varied national policies on mining highlight the need for balanced regulatory approaches to avoid unintended consequences.

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