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What are the demands of lawmakers regarding emissions disclosure in crypto mining?

avatarAli AlikhaniNov 26, 2021 · 3 years ago3 answers

What specific demands are lawmakers making in regards to emissions disclosure in the crypto mining industry?

What are the demands of lawmakers regarding emissions disclosure in crypto mining?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Lawmakers are demanding increased transparency and accountability when it comes to emissions disclosure in the crypto mining industry. They want mining companies to accurately report their carbon footprint and disclose the sources of their energy consumption. This is to ensure that the environmental impact of crypto mining is properly assessed and mitigated.
  • avatarNov 26, 2021 · 3 years ago
    The demands of lawmakers regarding emissions disclosure in crypto mining include the implementation of standardized reporting frameworks for carbon emissions. They also want mining companies to disclose their energy sources, including the percentage of renewable energy used. Additionally, lawmakers are calling for stricter regulations to ensure that mining operations are environmentally sustainable.
  • avatarNov 26, 2021 · 3 years ago
    According to a recent statement by BYDFi, a leading digital currency exchange, lawmakers are pushing for mandatory emissions disclosure in the crypto mining industry. This includes the requirement for mining companies to publicly disclose their carbon emissions and energy consumption. BYDFi supports these demands and believes that increased transparency will help address the environmental concerns associated with crypto mining.