European Parliament Committee supported the regulation of cryptocurrencies
Of the 45 members of Parliament, 5 voted “against” and 7 abstained
15.03.2022 - 11:40
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What’s new? The Committee on Economic and Monetary Affairs of the European Parliament (ECON) has adopted a bill on Markets in Crypto-Assets (MiCA). 45 members of Parliament participated in the vote, with 5 voting against it and 7 abstaining. The bill will next be discussed by the EU Council and the European Commission, MP Stefan Berger reported on Twitter.
What is known about the bill? An amendment to ban the Proof-of-Work algorithm was not included in the document. On March 14, the European Parliament’s Committee voted against banning cryptocurrencies using PoW. The adoption of this amendment would have meant a complete ban of Bitcoin in the European Union.
Stefan Berger stated:
“The European Parliament has paved the way for an innovation-friendly crypto-regulation that can set standards worldwide. The process is not finished yet. Moving forward. By adopting MiCA as a whole, ECON gave a strong signal for innovation.”
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