What are the demands of lawmakers regarding emissions disclosure in crypto mining?
Norman ParsonsDec 26, 2021 · 3 years ago3 answers
What specific demands are lawmakers making in regards to emissions disclosure in the crypto mining industry?
3 answers
- Dec 26, 2021 · 3 years agoLawmakers 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.
- Dec 26, 2021 · 3 years agoThe 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.
- Dec 26, 2021 · 3 years agoAccording 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.
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