European Parliament Postpones Vote on Crypto Regulations

The European Parliament has decided to postpone the discussions on the legal regulations to be brought to the crypto money market indefinitely.

Known as MiCA for short and translated into Turkish Crypto Asset Markets Directive The legal regulations that can be transferred as put to a vote was expected.

According to the information shared with the public, MiCA proof-of-work (PoW) Some aspects of the use of cryptocurrencies based on the had restrictions. According to media reports this month, the draft version of MiCA includes the following statement:

“The Commission needs to be called for action to urgently focus on the importance of using more environmentally friendly solutions in consensus mechanisms and to identify the consensus mechanisms that pose risks to the environment with the energy they consume and the level of carbon they emit.”

These statements in the draft text refer to the use of cryptocurrencies that operate with a proof-of-work mechanism such as Bitcoin (BTC). can be banned interpreted as.

Stefan Berger, chairman of the economic committee, said after this perception, “The MiCA Directive does not apply to Bitcoin in practice. forbidding It should not be taken as a directive.” saying, in the vote to be held for MiCA has been postponed indefinitely announced.

Authorities in Europe started preparing this cryptocurrency directive in 2019. Postponing the MiCA vote as a result of the reactions on social media received a positive reaction from the cryptocurrency community.

source site-9