Swedish financial regulators and the European Commission have discussed the possibility of banning the Proof-Of-Work mechanism because of its environmental impact.
Earlier, the European Parliament was close to adopting restrictions on energy-intensive technology, which some described as a bitcoin ban.
According to Coinsesk, regulators believe bitcoin should be encouraged to move to a greener alternative such as Proof-Of-Stake, as the creators of Ethereum have done.
Swedish officials have previously made it clear that they want to ban Proof-Of-Work technology for environmental reasons.