KPMG Report: Bitcoin Has a Positive Impact on Environmental, Social, and Governance Standards

ChainCatcher news, KPMG has released a report highlighting the positive impact of Bitcoin on environmental, social, and governance (ESG) standards. The report argues that Bitcoin mining can help incentivize clean energy production, enhance financial inclusion, and even reduce greenhouse gas emissions from industrial activities.

Additionally, the report points out that Bitcoin provides numerous social benefits in low-income countries, particularly by lowering the cost of cross-border payments, which is crucial for immigrants from developing countries working abroad and regularly remitting money to their hometown relatives. In Africa, Bitcoin mining also helps subsidize the power grid, providing electricity to millions and reducing costs for consumers.