In our previous article European Parliamentwhich will regulate cryptocurrencies MiCA With the law, we wrote that it wants to ban crypto money services that are “based on environmentally unsustainable consensus mechanisms”, including Bitcoin.
However, the Parliament proof of work discussion postponed the voting of the crypto-assets bill.
The long-awaited vote was normally expected to take place on February 28. However, Stefan Berger, the rapporteur in charge of the votes, was considered by many. PoW He stated that the changes seen as bans were leaked.
He also reported that this caused public outrage, and ultimately the vote was postponed indefinitely.
Whereas, the crypto-asset markets directive known as MiCA was ready for the said vote. However, according to information received from a source close to the negotiations, right and center right members withdrew their support for voting after public reactions on Twitter.
Berger, who shared a statement tweet on the subject,
The EU Parliament’s MiCA vote will be canceled at my request and will not be held on 28 February. As a reporter, it is very important to me that the MiCA report is not misinterpreted as a de facto Bitcoin ban.
used the phrases.
Die Abstimmung des EU-Parlaments zu #MiCA wird auf meine Forderung hin abgesetzt und nicht am 28. Februar stattfinden. Als Berichterstatter ist es für mich zentral, dass der MiCA-Bericht nicht als de-facto #Bitcoin-Verbot missinterpretiert wird @btcecho 1/4
— Stefan Berger (@DrStefanBerger) February 25, 2022
Seth Hertlein, head of global policy at Paris-based wallet manufacturer Ledger, said:
Postponing the vote is the right decision, as several critical issues in the bill remain unresolved. Europe’s future financial competitiveness depends on MiCA getting it right.
said.