Bitcoin Fever and Crypto Evangelists Shirt
Bitcoin Fever Crypto Fever
On March 14, the European Monetary and Economic Commission conducted a vote regarding the new regulation of crypto-assets (MiCa), which includes provisions that are considered ‘death sentences’.
‘ for Bitcoin, Ether added last minute. As a result, this proposal was not approved. According to Bloomberg, in the last minutes before the vote, a draft MiCa law was added to propose that crypto-assets issued and/or traded in the European Union (EU) “are subject to comply with the following standards: minimum standards for sustainable environmental protection; establish and maintain a phased implementation plan to ensure compliance with “these requirements.
As a result, some cryptocurrencies that operate on a consensus mechanism, specifically “proof of work” (PoW) such as Bitcoin (BTC) or Ethereum (ETH), maybe banned if these terms are met response because.
Shortly after the new proposal was added to MiCa, several industry executives expressed concern on Twitter, wondering if this was a “death sentence” for BTC. “We urge everyone to contact their Member of the European Parliament and oppose the Bitcoin ban in Europe,” said Pascal Gaulthier, CEO of Ledger, one of the providers.
The world’s largest crypto wallet, posted on Twitter account. In the midst of the Russia-Ukraine crisis, cryptocurrency is believed to be a safe means of storing assets and raising capital as it avoids international sanctions or bank attacks by hackers. Bitcoin Fever and Crypto Evangelists Shirt, After the military crisis broke out in Ukraine, the US and its allies introduced new sanctions against the Central Bank of Russia and this sent the stock market plummeting. In the opposite direction, the price of cryptocurrencies (cryptocurrencies) suddenly increased sharply from February 28.
Specifically, recording a peak on March 1, Bitcoin (BTC) reached a value of $44,404.10, while Ether (ETH) reached $2,973.34. According to AscendEx researcher Michael Rinko, the conflict highlights the importance of Bitcoin’s borderless and censorship-resistant nature, but he argues that’s not why the cryptocurrency created it. increase.
According to him, the rise of cryptocurrencies on February 28 seems to be more reflective of the possibility of interest rate hikes and inflation amid this uncertain geopolitical backdrop. Bitcoin Fever and Crypto Evangelists Shirt On March 14, the EU’s Economic and Monetary Commission opened a vote on the provisions of the draft MiCa law and the aforementioned last-minute proposals were rejected, with 23 votes in favor, 30 support votes. against and 6 abstentions.
Instead, the Commission adopted a separate proposal to add crypto mining to the EU’s sustainable finance classification, which will determine whether cryptocurrencies can be considered a sustainable investment. or not. or not. stable or not. Bitcoin Fever and Crypto Evangelists Shirt – The MiCA now needs to be approved by the EU’s executive body, as well as EU member states and the entire European Parliament before it can become law. Bitcoin, Ether, and other cryptocurrencies traded unchanged according to the results of the vote.