The European Parliament will vote on the MiCA legislation regarding the legal regulations to be brought to the crypto money market today.
MiCA, which was expected to be issued by the European Parliament on February 28, but was postponed indefinitely after some statements in the draft were interpreted by the public as a ban on the use of cryptocurrencies operating with a proof-of-work mechanism such as Bitcoin (BTC). Voting will take place today.
The MP responsible for administering regulation through parliament, Dr. Stefan Berger shared on March 7 controversial statement removed He submitted the final draft of MiCA to the committee and on March 14 (today) announced that the vote would take place. However, statements that sparked controversy and were removed from the draft re-included in the bill was done.
If the draft is put to a vote in this way, mining companies or of people mining he needs to prepare a presentation explaining how he will adapt to environmental sustainability compliance. Also, this article covers cryptocurrency mining in the EU. can be completely banned.
Some names from the cryptocurrency market Proof-of-Work (PoW) mechanism Article regarding the prohibition of functioning cryptocurrencies Reacted.
MicroStrategy CEO Michael Saylor shared on Twitter that banning POW mining is a trillion-dollar mistake to the EU. told.
Dutch lawmaker Dorien Rookmaker said these bans will encourage people to scam and the cryptocurrency market will move away from Europe. thinks.
Jean-Marie Mognetti, co-founder and CEO of digital asset manager CoinShares, said this bill is “parochial” and that a large part of PoW mining is done from natural gas and renewable energy sources. Mognetti also thinks that the energy need will decrease further due to the developments in the mining sector. told.