Vatican Chamber of Trade Releases Audit Report: Bitcoin

Audit Report: 2023 – Bitcoin (BTC)


Executive Summary

The Vatican Chamber of Trade’s 2023 audit of Bitcoin (BTC) focused on its environmental impact, governance structure, and potential for ethical use. Bitcoin’s PoW mechanism has been a subject of global debate due to its high energy consumption, and this audit aimed to evaluate whether its operation could be aligned with the Church’s ethical guidelines.

Key Findings

Conclusion: The Vatican Chamber of Trade expresses concern over Bitcoin’s environmental footprint and advocates for increased efforts to integrate renewable energy into mining operations. While acknowledging Bitcoin’s strengths in decentralization and financial inclusion, the Chamber recommends caution in its widespread adoption.