Bitcoin Critics Misconstrue the Crypto’s ESG Impact, KPMG Argues

Dec 19, 2023

Bitcoin satisfies key ESG considerations and can continue to do so despite the controversy over its use, according to a report by KPMG published Thursday.

Bitcoin is frequently depicted as being environmentally unsound and ripe for misuse through illicit transactions, but that’s not the whole story, KPMG says in the study. In fact, the cryptocurrency supports renewable energy infrastructure and provides secure transactions.

To contact the reporter on this story: Pavithra Rajesh in Washington at [email protected]

To contact the editors responsible for this story: Jeff Harrington at [email protected]; Yuri Nagano at [email protected]

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