• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The EU withdraws the “Bitcoin ban” from the draft regulation on cryptocurrencies

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

European Union (EU) officials unanimously eliminated a controversial provision in the cryptocurrency regulation bill below discussion in the European Parliament.

The EU withdraws the “Bitcoin ban” from the draft regulation on cryptocurrencies

As a outcome, in the most recent model of the “Markets in the cryptocurrency industry” bill (also acknowledged as the MiCA bill), EU lawmakers omitted a component that a lot of folks concern could lead to a ban on cryptocurrencies. they use evidence-of-function (PoW) consent – targeted especially at Bitcoin and Ethereum.

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

EU lawmakers discarded a segment of a pending bill that could have manufactured it unlawful for crypto companies to trade coins based mostly on evidence of function, the consensus mechanism applied by Bitcoin and Ethereum to “mine” new assess and defend their networks. https://t.co/Iw4QqTR52y pic.twitter.com/XslySx1R0E

– Decrypt (@decryptmedia) March 1, 2022

According to the prepare, the MiCA bill is anticipated to be presented and voted in front of the European Parliament on February 28, 2022. However, rapporteur Berger, head of the ECON committee, has made a decision to postpone till the finish of following week due to a lot of objections.

To date, Berger has moved to verify that paragraph 61 (9c) of the bill has been fully eliminated.

MiCA is the bill below consideration that will reshape the adoption of cryptocurrencies in Europe. Launched in September 2020, the bill involves the European Central Bank (ECB) to create uniform guidelines for cryptocurrency suppliers and issuers in the EU area. In brief, MiCA serves as a certain regulatory framework for cryptocurrencies across the European Union, a little something that the United States and other nations are nevertheless fighting for day in and day out.

MiCA at first attracted the consideration of the crypto local community with a bill requiring that by 2025 no crypto assets be issued, traded or acknowledged inside of the EU if applied working with an “unsustainable consensus mechanism from the point of view. environmental view “. To stay away from this, cryptocurrencies will need to have to meet minimal environmental sustainability requirements.

Opponents of the bill explained the ban equates to the death of Bitcoin and Ethereum in Europe and can make it extremely hard for regulators to retain PoW coins for their clients.

Berger delivered a “speech” indicating that it was not the intention of lawmakers to announce the postponement of the vote, stating that “individual extracts from the bill may have been overlooked by the public”.

Environmental issues are now weighing heavily on Europe, wherever member states are attempting to meet the climate requirements agreed in the Paris Agreement. Last yr, Swedish fiscal regulator Finanspektionen suggested a ban on mining Bitcoin and other evidence-of-function coins, saying it only wastes vitality with out any advantage.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BanBitcoincryptocurrenciesdraftRegulationwithdraws
Share76Tweet47

Related Posts

Singapore’s MAS to Curb Overseas Crypto Activities by 2025

by shark
June 2, 2025
0

Singapore's MAS mandates local crypto firms to halt overseas operations without a DTSP license by June 2025, influencing international markets.

Metaplanet Acquires 1,088 Bitcoin, Total Reaches 8,888 BTC

by shark
June 2, 2025
0

Metaplanet Inc. has expanded its Bitcoin holdings significantly, strengthening its market position.

Metaplanet Acquires Additional 1,088 Bitcoins

by shark
June 2, 2025
0

Metaplanet Inc.'s purchase of 1,088 bitcoins highlights growing corporate interest in digital assets. The firm aims to hold 10,000 BTC...

Elon Musk Announces Encrypted XChat on X Platform

by shark
June 2, 2025
0

Elon Musk launches XChat on X with encryption, vanishing messages, and media capabilities.

Upcoming $5M+ Token Unlocks for ENA, TAIKO, NEON

by shark
June 2, 2025
0

Upcoming token unlocks for Ethena (ENA), Taiko (TAIKO), and Neon (NEON) are set to potentially disrupt their market standings.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Singapore’s MAS to Curb Overseas Crypto Activities by 2025
  • Metaplanet Acquires 1,088 Bitcoin, Total Reaches 8,888 BTC
  • Metaplanet Acquires Additional 1,088 Bitcoins
  • Elon Musk Announces Encrypted XChat on X Platform
  • Upcoming $5M+ Token Unlocks for ENA, TAIKO, NEON
  • ETHGlobal Prague 2025 Hackathon Finalists Announced
  • Silk Road Founder Receives $31.4M Bitcoin Donation
  • Paul Krugman Questions Stablecoins’ Utility, Sparks Debate
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7