not long ago Bitcoin which will include cryptocurrency The European Parliament, which came to the agenda with the prohibition law, postponed the voting of this decision indefinitely. After that, it was reported that the European Union’s “Crypto Asset Markets (MiCA) draft law will be put to the vote on March 14, following the arrangements made.
Phrases Regarding Bitcoin Ban Removed From The Bill
The news in question was made by the architect member of the European Parliament’s MiCA bill, Dr. It was announced by Stefan Berger on Twitter. Berger said the following regarding the issue in his statements.
“Bitcoin and Proof of Work ban will no longer be included in the MiCA bill.”
Thus, Berger also confirmed that this part of the bill, which previously aimed to ban all cryptocurrencies based on the Proof of Work working system, including Bitcoin, will no longer be included in the bill.
Proof of Work cryptocurrencies include Ethereum for now. However, Ethereum aims to switch to a more environmentally friendly mechanism, Proof of Stake, soon.
Heute habe ich den finale MiCA-Entwurf eingereicht. Der ECON-Ausschuss wird am 14. März 2022 hierüber abstimmen
➡️ Thread #MiCA— Stefan Berger (@DrStefanBerger) March 7, 2022
Stefan Berger continued his statements on the subject as follows:
“My suggestion is to include crypto assets in the classification area, as with any other financial product. Together with the discussion of the energy consumption of cryptocurrencies, this classification can provide clarity and create a better knowledge base for consumers. The very strong support for the MiCA bill is actually a strong signal from the European Parliament for a technology-neutral and innovation-friendly financial sector.”
*Not investment advice.