PANIC swept the cryptocurrency neighborhood within the wake of Kosovo's ban on crypto mining, and within the US, a brand new invoice would possibly problem the Federal Reserve's future skill to situation crypto.
Minnesota Republican Tom Emmer launched the invoice, which might preserve the federal authorities from issuing a US-backed digital foreign money.
Emmer argues that central bank-issued digital currencies (CBDC) would permit the federal government to surveil American shoppers.
In the meantime, Kosovo's authorities made the announcement banning crypto mining on the finish of 2021, saying the momentary ban on mining is supposed to offset an power disaster within the area.
The nation has the most cost effective power costs in Europe, in keeping with The Guardian, which has made it a fascinating location for crypto-mining operations.
Bitcoin noticed a slight dip on Sunday following a unstable week.
On January 10, the cryptocurrency hit its lowest level since October 2021, however by Sunday evening it had recovered to a price of $43,252.12.
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