{"id":22679,"date":"2023-08-03T08:33:10","date_gmt":"2023-08-03T08:33:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kpmg-report-highlights-bitcoins-positive-impact-on-esg\/"},"modified":"2023-08-03T08:33:10","modified_gmt":"2023-08-03T08:33:10","slug":"kpmg-report-highlights-bitcoins-positive-impact-on-esg","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kpmg-report-highlights-bitcoins-positive-impact-on-esg\/","title":{"rendered":"KPMG Report Highlights Bitcoin’s Positive Impact on ESG"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

The renowned Big Four professional services company KPMG just published a study on Bitcoin\u2019s environmental, social, and governance (ESG) facets. Surprisingly, the analysis discovered that, when seen through an ESG lens, Bitcoin appears to provide a number of advantages.<\/p>\n

Environmental Impact- Emissions vs. Energy Usage<\/h2>\n

The environmental effect of Bitcoin<\/strong><\/a> was the main subject of the report\u2019s in-depth analysis of each ESG factor. Contrary to what is often believed, the report found that emissions rather than energy use were the more important measure of environmental harm. Bitcoin\u2019s emissions were quite modest in comparison to other sources like cigarettes and tourism, ranking in second place only behind \u201cVideo (US).\u201d This shows that the emissions of the cryptocurrency could be less than generally thought.<\/p>\n

\n
\n
\n
\n
\n
177% up to 5BTC + 77 Free Spins<\/strong>!<\/strong> <\/p>\n

New players only. Exclusive 177% Welcome Bonus + 77 Free Spins in Aztec Magic Deluxe <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The paper recommended using tactics like increasing use of renewable energy and energy obtained from methane for mining operations to further reduce Bitcoin\u2019s carbon impact. Such environmentally friendly practices can greatly lessen Bitcoin\u2019s environmental effect.<\/p>\n

Bitcoin\u2019s Role in Money Laundering<\/h2>\n

The paper addressed societal issues and clarified Bitcoin\u2019s part in money laundering. According to Elliptic statistics, Bitcoin transactions represent just 0.24% of money laundering, which consumes between 2-5% of the world GNP. Comparatively speaking, as compared to other cryptocurrencies like Ether, stablecoins, and altcoins, Bitcoin is far less engaged in money laundering. In order to prevent any potential misuse, the paper also suggested implementing Know Your Customer (KYC) and Anti-Money Laundering (AML) safeguards at the point of off-ramping the coin.<\/p>\n

Positive Use Cases and Governance<\/h2>\n

The paper referenced instances of Bitcoin being used for fundraising campaigns in Ukraine and sponsoring electrical projects in rural Africa to highlight the good social elements.<\/p>\n

\n
\n
\n
\n
\n
5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n

New players only. Exclusive 111% Welcome Bonus + 111 Free Spins in Aztec Magic Deluxe <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The research also praised Bitcoin\u2019s strong governance, as changes to its laws need a split. Because of the system\u2019s decentralization, it is protected from misuse and manipulation by people in positions of authority or who have other ulterior interests.<\/p>\n

Bitcoin\u2019s Misunderstandings and KPMG\u2019s Perspective<\/h2>\n

The paper acknowledged that Bitcoin has a favorable effect on ESG concerns, but it also pointed out that there is still a lot of misunderstanding about it. By providing advisory services relating to cryptocurrencies and raising public understanding of Bitcoin\u2019s genuine potential, KPMG seeks to remedy this.<\/p>\n

The KPMG analysis highlights Bitcoin\u2019s advantages in regard to ESG issues. The paper offers a new perspective on the benefits of the cryptocurrency by recognizing its lower emissions, strong governance, and less role in money laundering. Understanding Bitcoin\u2019s advantages is essential to ensuring a more informed and responsible future as the world looks for sustainable and ethical investing alternatives.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) The renowned Big Four professional services company KPMG just published a study on Bitcoin\u2019s environmental, social, and governance (ESG) facets. Surprisingly, the analysis discovered that, when seen through an ESG lens, Bitcoin appears to provide a number of advantages. Environmental Impact- Emissions vs. Energy Usage The […]<\/p>\n","protected":false},"author":34,"featured_media":22680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22679"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22679"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22680"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}