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Bitcoin and Ethereum Get Support in EU, Ban Idea Rejected

14 Mar 2022
. 0 min read

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 (BTC), Ethereum (ETH), 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:

At 16:08 UTC, BTC trades at USD 38,954 and is unchanged in a day, while ETH trades at USD 2,573 and is also unchanged in a day.

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

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