[Blockchain Today Correspondent Han Ji-hye] The European Union’s Economic and Monetary Affairs acknowledged that there was a paragraph in the EU’s draft MiCA regulation that could be interpreted as a de facto ban on Bitcoin and deleted it. did.
On the 2nd (local time), Cryptopotato, a media specialized in cryptocurrency, citing German media, deleted the paragraph in which EU legislators made all proof-of-work (PoW)-based cryptocurrencies illegal, including Bitcoin (BTC) and Ethereum (ETH). reported that
According to the report, the phrase in question contained a content that ‘Cryptocurrencies that do not comply with European environmental protection regulations cannot be mined or traded within the European Union’, which is ‘All proof-of-work such as Bitcoin or Ethereum. It caused the misunderstanding that it makes the underlying cryptocurrency virtually illegal. As a result, the approval vote for the draft virtual asset regulation, scheduled for the 28th of last month, has been postponed.
The European Union’s virtual asset regulation plan, called ‘MiCA (Markets in Crypto-Assets)’, was proposed with the purpose of nurturing the market and helping growth by enacting the disguise asset law.
“The paragraph in question no longer exists,” said Stefan Berger, chairman of the European Economic and Monetary Commission, in a tweet. However, it is known that the schedule for the MiCA voting has not yet been set. If the revised draft is passed by the committee, the final decision is made through trilateral discussions by the European Commission, the European Parliament, and the EU Member State Summit.
However, concerns about the environmental harm of proof-of-work cryptocurrencies still remain, Cryptopotato diagnosed. Last year, the Swedish financial services regulator argued that “energy-intensive mining should be banned because cryptocurrency mining poses a threat to climate change,” and recently European Securities and Markets Authority’s Erik Thedéen ), the vice chairman has called for a ban on proof-of-work based cryptocurrency mining for the same reason.
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