EU to regulate Bitcoin even more, Tesla ‘most likely’ to resume BTC payments and billion-SPAC for miner
Musk: Tesla likely to resume Bitcoin payments
Tesla CEO Elon Musk assured cryptocurrency fans that the electric vehicle company is likely to resume accepting bitcoin as a payment method if bitcoin mining’s renewable energy usage hits 50%.
“Tesla’s mission is accelerating the advent of sustainable energy,” Musk said Wednesday during a virtual panel at The B-Word conference, an event hosted by the Crypto Council for Innovation. “We can’t be the company that does that and also not do appropriate diligence on the energy usage.”
Musk went on to say that he has seen the mining industry shift toward renewable energy and once half of bitcoin mining is done using renewables, Tesla will reconsider bitcoin payments.
“I want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number. If so, Tesla will most likely resume accepting bitcoin.”
EU policymakers unveil plan to regulate Bitcoin
EU policymakers are discussing a plan to increase regulatory oversight of the emerging cryptocurrency industry.
A new proposal from the European Commission (EC) would require businesses to maintain records of the name, address, date of birth and account number of clients as they move cryptocurrency from one wallet to another.
The rules are designed to identify the senders and recipients of crypto transactions, mirroring the know-your-customer and anti-money laundering requirements used when customers wire money from one bank account to another.
Bitcoin mining firm Core Scientific to list on Nasdaq via merger deal
U.S. bitcoin mining and colocation provider Core Scientific has said it’s going public via a merger deal.
The firm said in an announcement on Wednesday that it has entered a definitive merger agreement that will see it acquired by Nasdaq-listed Power & Digital Infrastructure Acquisition Corp (XPDI), whose anchor investor is the asset manager BlackRock.
After the transaction, the two will operate as Core Scientific and remain public on the Nasdaq stock exchange with a boosted valuation of about $4.3 billion.
Source: The Block
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