“It is crucial on behalf of me that the translucent substance report isn't misinterpreted as a de facto Bitcoin ban,” said Stefan Berger.
The parliament of the european Union is delaying a vote on a framework aimed at regulating cryptocurrencies amid concerns over proof-of-work mining.
In a Fri Twitter thread, European Parliament economics member Stefan Berger said the govt. body had canceled a vote on the Markets in Crypto Assets, or MiCA, framework regular to require place on Monday. Berger said parliament required to clarify “the question of proof-of-work” in discussions with stakeholders to make sure a correct legal framework, adding that some may misinterpret the proposal as a ban on crypto.
“The discussion regarding isinglass indicates that individual passages of the draft report is misinterpreted and understood as a [proof-of-work] ban,” said Berger. “It would be fatal if the EU Parliament sent the incorrect signal with a vote below these circumstances.”
The MiCA, initial introduced to the ecu Commission in Sep 2020 and adopted by the european Council in Nov 2021, aimed “to produce a regulative framework for the crypto-assets market that supports innovation and attracts on the potential of crypto-assets in an exceedingly means that preserves money stability and protects investors.” because the recorder of that vote — the person appointed to report on its proceedings — Berger aforementioned he canceled the vote, not specifying once it'd be scheduled once more.
( Turner Wright, Cointelegraph, 2022 )