Regulation Rejected That Could Ban Cryptos Coins

In practice, leading cryptocurrencies such as Bitcoin and Ethereum to be banned A new crypto-asset regulation, which could lead to an increase in the number of cryptocurrencies, was put to a vote today in the Economic and Monetary Affairs Committee of the European Union Parliament.

If the regulation named MICA (Markets in Crypto Assets) is accepted, the European Union, any crypto-asset that does not meet environmental sustainability criteria. This would prevent or ban the use of many digital currencies, including Bitcoin and Ethereum. However, the parliamentarians of the European Union are obliged to comply with the MICA regulation. negative vote used.

The regulation did not pass a 24v32 majority.

Following the parliamentary session that took place today, Patrick Hansen shared the results of the vote on Twitter. In his post, Hansen said, “EU Parliament’s ECON committee voted against the de facto POW-ban” stating that the ban was passed by a 24 to 32 majority. not accepted expressed.

This is a big deal for the Bitcoin and crypto community in the European Union. relaxation and political successNoting that there is a , Hansen said that crypto mining will most likely not be covered in the MICA regulation anymore; however, it noted that it would be included in the EU sustainable finance classification.

However, stating that MICA only regulates financial instruments and financial service providers, Hansen said that concerns about the sustainability of crypto mining technology should be addressed separately. much more logical reported that.