The Markets in Crypto Assests (MiCA) framework, currently discussed by the European Parliament has skipped the passage of paragraph 61 (9c) . A member of the European parliament tweeted that this part is not anymore in the law text. A reason was the concerns that the law could be interpreted as a ban of any crypto currency and block chain service using proof of work.
To remove this paragraph is a very important signal to all crypto investors, specially to institutional ones that hold large amounts in the European Union. Nevertheless it shows how less knowledge and expertise is with our law makers when it comes to crypto currencies. I hope very much in the future, politicians will consult experts before they are discussing laws on subjects they are not understanding.
To remove this paragraph is a very important signal to all crypto investors, specially to institutional ones that hold large amounts in the European Union. Nevertheless it shows how less knowledge and expertise is with our law makers when it comes to crypto currencies. I hope very much in the future, politicians will consult experts before they are discussing laws on subjects they are not understanding.