The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
Sunday, October 1, 2023
  • Login
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
Subscribe
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle
No Result
View All Result
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency
No Result
View All Result
ADVERTISEMENT
Home News Story

MiCA Trialogue: The Ban On Bitcoin Is Once Again Being Debated

by Ashutosh Thakur
June 16, 2022
in News Story
130
0
MiCA Trialogue: The Ban On Bitcoin Is Once Again Being Debated
154
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

RelatedPosts

Hebdo Crypto #259 – Les actualités Bitcoin et cryptomonnaies de la semaine

MNBC : l’Australie veut plus qu’une simple monnaie numérique

Comment éviter le chaos, grâce au Bitcoin et aux cryptomonnaies ? Panel théorique ParisDotComm

The EU Ban on “energy-intensive cryptocurrencies” was in the room at the end of February. Many people feared a restriction on Proof-of-Work (PoW) assets at the time. In Parliament, the threat was thwarted at the last possible moment.

In a trialogue with the Commission and the Council, lawmakers from the EU Parliament’s Greens, Left, and Social Democrats are bringing a PoW ban back on the table. In the worst-case scenario, the demands could force crypto providers to abandon PoW-based coins like Bitcoin. The draught is in front of BTC-ECHO and has a lot to offer. However, one after the other.

The first condition is that crypto projects give as much information as possible in their white papers. “General information on the environmental and climate implications of a [jeden] consensus process,” according to the EU Parliament’s wishes.

This is problematic for Bitcoin, the most well-known PoW-based cryptocurrency because the white paper cannot be changed afterwards. The experts are concerned. BTC-ECHO receives a warning from Blockchain for Europe’s Robert Kopitsch:

The new demands of the S&D and Greens are not only an immense effort for everyone involved, but also create new regulatory uncertainties, which in extreme cases could lead to the ban of some crypto assets such as Bitcoin. The initiative also goes far beyond the agreement already reached in the EU Parliament.

read too

Compliance With Sustainability Requirements Should Be Checked By Bitcoin Providers.

Furthermore, EU Parliament negotiators want crypto providers to be required to disclose information regarding the most significant negative environmental and climate implications for each crypto asset offered “prominently” on their platform.

Furthermore, the European Securities and Markets Authority will establish sustainability norms and benchmarks. The passed parliamentary draught originally referred to “guidelines.” Negotiators from the Green, Left, and Social Democrat camps are pushing the measures to a required level with the revised phrasing.

If crypto providers wish to operate in the EU, they must comply with the requirements that have yet to be specified. In addition, the platforms should adopt “effective measures” to “adequately address negative environmental and climate impacts.” As a result of noncompliance, the cryptocurrency may be banned from trading platforms.

We reviewed the prohibition controversy around Bitcoin in the April issue of BTC-ECHO magazine. At the time, the negotiations were less constructive and more ideological. It appears to be the case again this time. It remains to be seen how far the rest of Parliament has accepted the new demands.

However, it appears that the anti-ban camp, which includes the Greens, the Left, and the Social Democrats, is attempting to turn the parliamentary defeat into an ideological win in the trilogue. It remains to be seen if this will be successful. The trilogue talks are taking place today, June 14th.

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

Hebdo Crypto #259 – Les actualités Bitcoin et cryptomonnaies de la semaine
News Story

Hebdo Crypto #259 – Les actualités Bitcoin et cryptomonnaies de la semaine

September 24, 2023
1.9k
MNBC : l’Australie veut plus qu’une simple monnaie numérique
News Story

MNBC : l’Australie veut plus qu’une simple monnaie numérique

August 27, 2023
1.9k
Comment éviter le chaos, grâce au Bitcoin et aux cryptomonnaies ? Panel théorique ParisDotComm
News Story

Comment éviter le chaos, grâce au Bitcoin et aux cryptomonnaies ? Panel théorique ParisDotComm

August 15, 2023
1.9k
Consensys poursuivie en justice : MetaMask ne serait pas son idée ?
News Story

Consensys poursuivie en justice : MetaMask ne serait pas son idée ?

August 3, 2023
1.9k
Cryptocurrency News – Week of July 23, 2023
News Story

Cryptocurrency News – Week of July 23, 2023

July 24, 2023
1.9k
USDC at half price and maximum profit: it broke the bank of this casino
News Story

USDC at half price and maximum profit: it broke the bank of this casino

July 21, 2023
1.9k
Load More
  • Trending
  • Comments
  • Latest
-The Blockchain Cafe

Write for us – guest post

April 14, 2022
Important Update On The Celsius Network

Important Update On The Celsius Network

June 14, 2022
TCS-The Blockchain Cafe

TCS roll-outs Quartz DevKit to help businesses build blockchain applications 40% faster

December 4, 2021
Quorums and Quorum Slices -The Blockchain Cafe

What Are Quorums and Quorum Slices?

December 4, 2021
OneCoin: the $4 billion Ponzi back in court

OneCoin: the $4 billion Ponzi back in court

0
The Blockchain Cafe

10 Things A Crypto Beginner Should Know

0
Binance Launches Training Program for Government Agencies

Binance Launches Training Program for Government Agencies

0
NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

NFT games only scratch the surface of possibilities according to Animoca’s Yat Siu

0
Hebdo Crypto #259 – Les actualités Bitcoin et cryptomonnaies de la semaine

Hebdo Crypto #259 – Les actualités Bitcoin et cryptomonnaies de la semaine

September 24, 2023
MNBC : l’Australie veut plus qu’une simple monnaie numérique

MNBC : l’Australie veut plus qu’une simple monnaie numérique

August 27, 2023
Comment éviter le chaos, grâce au Bitcoin et aux cryptomonnaies ? Panel théorique ParisDotComm

Comment éviter le chaos, grâce au Bitcoin et aux cryptomonnaies ? Panel théorique ParisDotComm

August 15, 2023
Consensys poursuivie en justice : MetaMask ne serait pas son idée ?

Consensys poursuivie en justice : MetaMask ne serait pas son idée ?

August 3, 2023
The Blockchain Cafe - Your Guide to Decentralized Finance and Cryptocurrency

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Navigate Site

  • News Story
  • Blockchain
  • Cryptocurrency
  • NFT
  • Metaverse
  • DAO
  • Listicle

Follow Us

No Result
View All Result
  • News Story
  • Blockchain
  • Cryptocurrency
    • Exchanges
  • NFT
  • Metaverse
  • DAO
  • Listicle

© 2022 The Blockchain Cafe - Designed and Maintenance by The Blockchain Cafe.

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version