Bitcoin
$63,648.88+3.43%
Ethereum
$3,074.19+2.34%
Binance Coin
$552.76+2.49%
Solana
$142.84+5.52%
XRP
$0.50287813+1.42%
Toncoin
$6.55+6.17%
Dogecoin
$0.15257255+2.39%
Cardano
$0.45935480+2.40%
Shiba Inu
$0.00002291+2.67%
Avalanche
$35.09+2.66%
Wrapped Bitcoin
$63,658.41+5.33%
Bitcoin Cash
$487.07+4.33%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
21
HR
20
MIN
02
SEC
Policy

EU Parliament Monetary Committee to Vote on MiCA Next Week

Wording that would have banned proof-of-work cryptos like bitcoin has been removed.

By Jamie Crawley
AccessTimeIconMar 7, 2022 at 4:35 p.m. UTC
Updated May 11, 2023 at 6:27 p.m. UTC
EU Parliament (areporter/Shutterstock)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

After having previously been postponed thanks to an outcry over language amounting to a "de facto" ban on Bitcoin, a vote by the Monetary Committee of the European Union's parliament on the EU's Markets in Crypto Assets (MiCA) legislation will take place on March 14.

  • The news was tweeted out minutes ago by Dr. Stefan Berger, the member of parliament in charge of shepherding MiCA through parliament.
  • "An independent topic of proof-of-work is no longer provided in the MiCA," Berger told CoinDesk, confirming his promise to remove language he had previously called a "de facto" ban on Bitcoin.
  • "My suggestion is to include crypto assets, like all other financial products, in the taxonomy area," Berger today added. "In view of the controversial discussions surrounding the energy consumption of crypto assets, the taxonomy could provide clarity and ensure a better information basis for consumers."
  • "Strong support for MiCA is a strong signal from the EU Parliament for a technology-neutral and innovation-friendly financial sector," he concluded.

Read more: The Case for Taxing Proof-of-Work

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley
Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.