New BSO Partnership With ImpactScope Adheres To Latest EU Environmental Crypto Regulation

New BSO Partnership With ImpactScope Adheres To Latest EU Environmental Crypto Regulation

The criticism towards the energy consumption and carbon footprint of cryptocurrencies has become more prevalent as this form of digital ledger gains notoriety. It’s a pressing challenge that many at the forefront of the industry are working hard to remedy. For example, the European Union has recently outlined the Sustainable Finance Disclosure Regulation (SFDR), which sets out to ensure that EU investors are making investment choices that align with their sustainability (ESG) goals. The new regulation is set to come into force in January 2022. In light of such developments, many investors are becoming increasingly interested in cultivating additions to their portfolio that not only deliver promising returns, but that also deliver on social and environmental responsibilities. It was in this spirit that a new partnership between BSO and ImpactScope was formed. When utilising ImpactScope’s specific APIs, BSO’s customers can minimise the environmental impact of their crypto transactions in real-time and reduce their operational carbon footprints. Speaking on the support that the partnership will offer to both sides of the table, BSO’s CEO Michael Ourabah remarked, “In light of recent reports highlighting the climate emergency we are facing, there is a sense of urgency in the industry to change for