Fun

UK Government Survey Shows 45% of Britons Would Ban Cryptocurrencies for Environmental Reasons

News Feed - 2021-11-10 08:11:31

UK Government Survey Shows 45% of Britons Would Ban Cryptocurrencies for Environmental Reasons


Just before the 26th United Nations (UN) Climate Change Conference (COP-26), the UK government polled 3,071 adults from Britain to ask them their opinions on cryptocurrencies and the crypto industry’s effects on climate change. According to the survey, 45% of Britons would support banning crypto assets for environmental reasons and 18% would oppose a ban. Even though 45% of the polled crowd would ban crypto assets, very few respondents think a ban would be effective. 45% of British Adults Surveyed Would Ban Crypto Assets Over Climate Change Concerns


This week climate change has been more topical than usual because of the COP-26 event being held in Glasgow. COP-26 is basically a conference hosted by the UN where global participants discuss solutions for mitigating climate change. Political party members who attend typically make national pledges in order to combat the so-called climate crisis. During this year’s COP-26, the U.K. government decided to survey 3,071 Britons before the event started to get opinions about climate change and cryptocurrencies.



The survey’s researchers note that the “environmental impact of cryptocurrency is well-documented” despite the fact there are large discrepancies with the data that shows the impact. “A new Yougov survey looking at support for different measures finds that Britons tend to support banning cryptocurrency for environmental reasons,” the researchers detail. “By 45% to 18%, Britons say they would support banning cryptocurrencies like Bitcoin in order to help tackle climate change, including 29% who would ‘strongly support’ it.” Young Adults More Inclined to Support Banning Cryptos — Far Fewer People Think a Ban Would Be Effective


Age played a key factor in the Yougov survey as the youngest adults were more inclined to support banning crypto assets for environmental concerns. While men and women both had roughly the same amount of people willing to ban cryptocurrencies, men are twice as likely to be opposed (25% vs 12%). “Women are more likely to have answered ‘don’t know’ on the topic (45% vs 28%),” explained the Yougov researchers. Older adults were far less likely to choose to ban crypto assets over climate change.



The most interesting part of the survey is that while 45% of the British respondents said they would support a ban, fewer people agreed a ban would be effective. Despite the mob mentality to ban cryptos, Yougov’s survey participants show “Britons are doubtful” ban mandates would actually work. “Only a quarter (26%) think that banning cryptocurrency would be effective at tackling climate change,” the Yougov survey concludes. “While Britons support banning cryptocurrency by 45% to 18% to help combat climate change, they think it will be ineffective at doing so by 32% to 26%,” the poll researchers add.


What do you think about the latest Yougov survey from the UK government that says 45% of British adults would ban cryptos to help fight climate change? Let us know what you think about this subject in the comments section below. Apple"s CEO Owns Crypto - Tim Cook Thinks "It’s Reasonable to Own as Part of a Diversified Portfolio" NEWS | 2 hours ago Ethereum Name Service to Pivot to DAO Governance, Airdrops ENS Token to Domain Holders NEWS | 14 hours ago Tags in this story 3000 adults, ban crypto, Bitcoin, British adults, britons, climate change, COP-26, Cryptocurrencies, Digital Assets, environmental concerns, environmental reasons, Ineffective ban, Older Britons, Poll, respondents, Survey, UK Gov Survey, UK Poll, Yougov researchers, Yougov Survey, Young Britons


Image Credits: Shutterstock, Pixabay, Wiki Commons, Yougov Survey, Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Kanpai pandas NFTs plunge 45% amid Trump token controversy
Ezra Reguerra13 hours agoKanpai pandas NFTs plunge 45% amid Trump token controversyKanpai Pandas NFTs saw a 45% floor price drop amid allegations that the team promoted a Trump-themed token that was later disavowed by th
Toncoin Eyes Notable Uptrend After Breaking Above This Key Chart Pattern
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Gareth Jenkinson9 hours agoTether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury billsTether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion
Dogecoin Bullish Takeover: DOGE To Outperform Bitcoin By 2,400% — Here’s How
Este artículo también está disponible en español. The price of Dogecoin had one of the most profitable Novembers in its history, surging by more than 150% over the past 3
Jubilation Or Warning Sign? 90% Of Bitcoin Supply In Profit – Analysis
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data Bitcoin consolidated below the $24,000 level on Feb. 27, as cryptocurrency markets prepare
Big Bitcoin Price Boom Will Follow Consolidation, Market Experts Reveal
  Since July 10, within two weeks, the bitcoin price has declined from over $13,000 to $10,600, by more than 18 percent against the U.S.
Ezra Reguerra11 hours agoIndia proposes AI-powered conversational payments system — RBIIndia’s central bank said that there’s a potential for an AI system that would initiate transactions through a conversation.108
Funko Partners With Walmart to Drop DC Digital Collectibles and Physical Twin Counterparts
Funko Partners With Walmart to Drop DC Digital Collectibles and Physical Twin Counterparts Funko has teamed up with the multinational retail corporation Walmart and the American fi
Athletic Shoe Giant Nike Looks Poised to Tackle Metaverse and NFTs: Report
Athletic Shoe Giant Nike Looks Poised to Tackle Metaverse and NFTs: Report Nike, the American multinational footwear and sports apparel giant, is getting ready to step into the met
Ana Paula Pereira3 hours agoOpenAI’s crisis escalates as more staff resign after CEO removal: ReportAt least three senior researchers have left OpenAI since Sam Altman was removed as the startup"s CEO on Nov. 17.1582 T
Binance Launches Prepaid Card in Colombia
Binance Launches Prepaid Card in Colombia Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, whic