Bitcoin ban in Europe . This week, MEPs advanced the proposed regulation of cryptocurrencies, ignoring a rule that could ban financial services from trading bitcoin and etherium. European lawmakers are working on a broad package of measures to control digital assets.
Bitcoin wallet may be banned in Europe www.expo-magazine.com
Deputies voted against the proposals to ban bitcoin and similar cryptocurrencies (photo dursun aydemir / anadolu via Getty Images). The actual ban on bitcoin and air has died today in the European Parliament. Monday, March 14, 2022 at 5:21 p.m.
Major cryptocurrencies, such as bitcoin and ether, are of concern that they may be banned in Europe.
Bitcoin mining consumes a significant amount of electricity through proof of work, and some bureaucrats believe it would be more environmentally friendly to use other approaches, such as proof-of-stake or. Today, 14/03/14, the Council of the European Union for the cryptocurrency market (mica) will vote for a ban on bitcoin mining for environmental protection. Due to the ban on cryptocurrency mining in China there was once a high level of bitcoin hashing.
Photo from a European article from June 19, 2022.
The ongoing crackdown on bitcoins in Beijing may be detrimental to Chinese crypto professionals, but a ban abroad makes it possible. This week, MEPs advanced the proposed regulation of cryptocurrencies, ignoring a rule that could ban financial services from trading bitcoin and etherium. The word, proposed by MEPs (LEP), was aimed at imposing a ban on cryptocurrencies based on mining Pow.
Insiders believe this gives cryptocurrency professionals in other countries a “competitive” advantage.
At the time of writing, the proposal has been definitively rejected due to a harsh response. Meanwhile, EU member states are prohibited from introducing their own cryptocurrencies, but they are encouraged to legalize and comply with cryptocurrency rules. The actual ban on bitcoin and air has died today in the European Parliament.
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The European Union is looking for ways to regulate digital currencies, in particular the fight against money laundering, and has therefore developed a framework in 2020. European lawmakers are working on a broad package of measures to control digital assets. Another concept wanted to ban bitcoin btc / usd within the EU.
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Due to the nature of digital assets, “banned” digital assets will be available in Europe rather than on secure and regulated EU platforms. As part of the European Union’s digital funding strategy, cryptocurrency market legislation (mica) was changed to remove the controversial part, but this was a new amendment. On Monday, the European Parliament committee will vote on the latest version of the concept of active cryptocurrencies.
