The legal standing of Bitcoin mining in the European Union hinges on the results of today‘s vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).
A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will come into environmental sustainability compliance. Failure to submit a plan may prohibit coins from being mined or traded in the EU.