In Europe, the environmental impact of banknotes is significantly smaller when compared to cryptocurrencies. However, it is important to note that cryptocurrencies also have their own set of advantages. Banknotes, being physical objects, require the use of paper and ink in their production, which can contribute to deforestation and pollution. On the other hand, cryptocurrencies operate digitally, reducing the need for physical resources. Additionally, cryptocurrencies offer benefits such as faster transactions, increased security, and potential for financial inclusivity. Despite the environmental concerns associated with cryptocurrencies, their unique advantages should not be overlooked.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinECB assesses environmental footprint of cash, sees room for improvement