September 27, 2022

The Committee of the European Parliament supported the bill on the regulation of cryptocurrencies

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The Committee on Economic and Monetary Affairs of the European Parliament (ECON) passed the MiCA cryptocurrency regulation bill by a majority vote.

The document did not include an amendment to ban mining on the Proof-of-Work consensus algorithm, which de facto meant a ban on bitcoin, the parliamentarian noted.

ECON supported Berger’s proposal for further discussion of this issue as part of the EU’s Taxonomie sustainability initiative.

Further discussion of the bill will take place at the level of the EU Council and the European Commission.

45 committee members voted in support of the text of the document, with 5 against and 7 abstentions.

Recall that in the United States, the presidential administration issued a decree on coordinating the efforts of federal agencies in regulating cryptocurrencies.

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