European Parliament cancels vote on Markets in Crypto Assets (MiCA) regulatory proposal.
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted that Europe should move quickly to prevent Russia from evading sanctions.
On Friday, Berger revealed the debate around MiCA has indicated that certain texts in the draft can be misinterpreted and understood as a PoW ban. He acknowledged that the European Parliament could send the wrong signal if it approves them as they are.
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