{"id":174457,"date":"2021-02-09T23:50:39","date_gmt":"2021-02-09T20:50:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/former-british-mp-says-central-banks-should-ban-bitcoin\/"},"modified":"2021-02-09T23:50:39","modified_gmt":"2021-02-09T20:50:39","slug":"former-british-mp-says-central-banks-should-ban-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/former-british-mp-says-central-banks-should-ban-bitcoin\/","title":{"rendered":"# Former British MP says central banks should ban Bitcoin"},"content":{"rendered":"<p>&#8220;<strong># Former British MP says central banks should ban Bitcoin  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZWZiNjcwZmEtMjE3Yy00OTMyLTgxZjktZDZlMjk5NmY3Y2Q0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Nick Boles, a former Member of Parliament for Grantham and Stamford from 2010 to 2019, took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> Tuesday to criticize Bitcoin over its negative environmental impact. <\/p>\n<p>He retweeted a post from BBC correspondent Rory Cellan-Jones showing that Bitcoin has overtaken Argentina in annual energy consumption. The data was compiled by the University of Cambridge and presented in the Cambridge Bitcoin Electricity Consumption Index.\u00a0<\/p>\n<p>Boles <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NickBoles\/status\/1359189995567915011\">commented<\/a>:<\/p>\n<blockquote><p>\u201cCentral banks should ban the trading of it, and force anyone who holds Bitcoin and wants to use it in any transaction, to exchange it for another currency that does not have such a damaging side effect.\u201d<\/p><\/blockquote>\n<p>\u201cThere are other cyber currencies that do no harm in the real world at all,\u201d he added, likely in reference to more environmentally-friendly proof-of-stake-networks.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Central banks should ban the trading of it, and force anyone who holds Bitcoin and wants to use it in any transaction, to exchange it for another currency that does not have such a damaging side effect. There are other cyber currencies that do no harm in the real world at all. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/wn6CqzzZZT\">https:\/\/t.co\/wn6CqzzZZT<\/a><\/p>\n<p>\u2014 Nick Boles (@NickBoles) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NickBoles\/status\/1359189995567915011?ref_src=twsrc%5Etfw\">February 9, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The surge in Bitcoin&#8217;s energy consumption has sparked an internal debate within the crypto industry about how to offset the ecological impact of mining. The flagship digital currency is now estimated to consume 77.9 TWh per year, with annual greenhouse gas emissions from mining <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/digiconomist.net\/bitcoin-energy-consumption\">reportedly<\/a> reaching levels comparable to the whole of New Zealand. <\/p>\n<p>Boles doesn\u2019t <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to have much commentary on Bitcoin aside from his recent tweet. Currently, there are no strict regulations on Bitcoin in the U.K., though it is commonly treated as a foreign currency for most purposes. <\/p>\n<p>A United Kingdom lawmaker who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-britain-eu-boles\/uk-lawmaker-boles-quits-conservative-party-over-brexit-idUSKCN1RD3AH\" data-amp=\"https:\/\/mobile-reuters-com.cdn.ampproject.org\/c\/s\/mobile.reuters.com\/article\/amp\/idUSKCN1RD3AH\">quit<\/a> the Conservative Party in 2019 over Brexit believes governments should ban the use of Bitcoin (BTC), offering further evidence that the digital currency still has its fair share of detractors.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/former-british-mp-says-central-banks-should-ban-bitcoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Former British MP says central banks should ban Bitcoin &#8221; Nick Boles, a former Member of Parliament for Grantham and Stamford from 2010 to 2019, took to Twitter Tuesday to criticize Bitcoin over its negative environmental impact. He retweeted a post from BBC correspondent Rory Cellan-Jones showing that Bitcoin has overtaken Argentina in annual&#8230;<\/p>\n","protected":false},"author":1,"featured_media":174458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZWZiNjcwZmEtMjE3Yy00OTMyLTgxZjktZDZlMjk5NmY3Y2Q0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74858,75022,74863,70934,4966],"class_list":["post-174457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-regulation","tag-central-bank","tag-cryptocurrencies","tag-regulation","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=174457"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/174458"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=174457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=174457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=174457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}