Bitcoin and Ethereum Get Support in EU, Ban Idea Rejected
Crypto News

Bitcoin and Ethereum Get Support in EU, Ban Idea Rejected

Source: AdobeStock / Grecaud Paul

Stefan Berger, a member of the European Parliament in charge of shepherding the MiCA regulation, confirmed that the European Parliament Committee on Economic and Monetary Affairs (ECON) rejected a suggestion that could ban proof-of-work consensus protocols such as Bitcoin, Ethereum, in the EU.

“By accepting my proposal, members have paved the way for future-oriented crypto regulation. It is now a matter of accepting the report as a whole in the final vote & sending out a strong signal for innovation,” Berger tweeted.

Other crypto industry players also confirmed the news:

(to be updated)
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Learn more:
– EU Crypto Industry Calls to Arms as Bitcoin & Ethereum Ban in Cards Again

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