- A controversial line relating to environmental sustainability was added back into the European Union’s MiCA bill.
- The legal standing of Bitcoin mining in the EU hinges on the results of today’s vote in MiCA.
- Concerns over the energy consumption and carbon emissions of Bitcoin miners are the main concerns for regulation.
A line relating to environmental sustainability was added back into the European Union’s MiCA bill. It is believed that this could be problematic for cryptocurrency miners in the region.
Members of the European Parliamentary Committee on Markets in Crypto Assets (MiCA) will be meeting today. The outcome of the voting that will take place at the meeting today could have an impact on the legal standing of Bitcoin – and other cryptocurrency – mining in the EU.
The line “minimum environmental sustainability” is a controversial line that relates to cryptocurrency mining, and has been reintroduced to the bill after it was previously removed.
The new line would require blockchain miners to submit a rollout plan detailing how they intend to comply ...