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❕NEWS Lawmakers of the EU drop PoW ban

ElPaule

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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.
 
This situation is not different from people calling the while Crypto and its effects a scam accusation without having an idea of how things work out in the Crypto Space and you can't blame out the users as people for their limited knowledge playing roles in their decision making skills
 
many of those politicians there probably have expert knowledge on the policies they are taking ,they are not a small organisation ,so before they get started with aby policies they would have beeter idea of the service and trials , dropping the ban could be one purpose they want to fix
 
I hope very much in the future, politicians will consult experts before they are discussing laws on subjects they are not understanding.
that is an under statement !!!!!!!! politicians world wide pass laws daily that they have no idea about. many new laws are passed to protect special interest groups. like the pharmaceutical companies who made the covid vaccines are protected from being sued, thxs to crappy politicians protecting them. these same politicians got hefty kick backs ( called bribes ) to pass this law. it is now coming out that many of the vaccines are causing grave secondary effects. thats what happens when experimental drugs / vaccines / what ever get fast tracked & are not tested properly.

its not just the eu, the usa is ripe with these so called junk politicians.

very few politicians will ever ask for special help or better understanding of any new laws they want to pass. politicians only care about 2 things. themselves & the money they can make. the eu parliament in brussels is corrupt & incompetent, to say the least.
 
I think cryptocurrency education should be introduce to those law makers no only in European Union, but in other countries so that those are saying that cryptocurrency has no future, will begins to understand the importance of cryptos and how it can become a revenue generator.
 

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