An intrusive intervention into the crypto market similar to what the EU has recently provided is not a sure promise of a Pareto efficient result.

The cryptocurrency market has evolved at a rapid pace over the course of its short lifespan. With its community and users growing steadily. They offer the potential for new choices to be made in a field long dominated by government monopolies. They are a real financial alternative and might provide intense competition to central bank-issued currencies in the future. However, at the same time skeptics and environmentalists have expressed worry about the intensive energy consumption of cryptocurrency mining.

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Crypto meets law and taxes

Bitcoin for example uses more energy than entire countries. As demand for

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