MICA vote in the European Parliament
17/03/2022
The European Parliament's Committee on Economic and Monetary Affairs (ECON) voted on 14 March 2022 on the Parliament's final version of the MICA* regulation on new digital assets.
This last version of the Parliament did not retain the amendment consisting in banning crypto-currencies based on the reputedly energy-intensive "Proof of Work" technology such as Bitcoin or Ether. This bill still has to pass the trialogue stage between the European Commission, Council and Parliament before being definitively adopted, and should come into force by 2025.
* MICA: Markets in crypto-assets.
26
Mar
2024
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Expert views
Few financial innovations have caught the public imagination like cryptocurrencies. When Bitcoin was born out of the turmoil of the global financial crisis in 2009 it seemed rather mundane: an electronic peer-to-peer cash system, launched via an academic white paper by an anonymous author Satoshi Nakamoto. Its price was $0.
Decrypting crypto: institutional adoption of digital assets has the potential to remake finance