Bitcoin may be banned in the European Union starting from 2025
Some Christian Democrats and right-wing conservatives opposed the addition of the Bitcoin ban, but it was a deal-breaker for the parties that supported cracking down on proof-of-work.
The European Commission, the executive branch of the European Union, will be engaging in a trialogue with the member states and the Parliament before reaching a final decision later this year. Patrick Hansen, head of growth and strategy at decentralized finance startup Unstoppable Finance, described the proposal as “suicidal,” predicting that it would kill the entire crypto industry in the EU.
Its such a suicidal proposition it is hard to digest. It would kill the entire European crypto industry, the one sector that fully aligns with the European values and where the EU could actually be competitive.
France Dernières Nouvelles, France Actualités
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