Lol, why did they single out bitcoin because of it's POW and it's harmful effects on the environment?
That is a weak argument to begin with, there are a lot of industries can have been affected the world environment for years and yet they still thrive up to this day.
Hopefully the EU council will hear all the arguments and pros and cons because it is obvious that the people behind the banning just single out bitcoin here.
Topic: Bitcoin will be banned in the EU starting from 2025 if ... - page 4. (Read 599 times)
I don't think this will be implemented. Of course, there will be heavy counter-arguments against this. As a matter of fact, there are already a number of EU countries where Bitcoin is allowed. For sure, EU won't commit the mistake of embracing cryptocurrency while implementing a ban on Bitcoin. They would end up embracing centralized shitcoins instead. If they are to get deeper and understand why cryptocurrency became a thing in this post-modern era, the answer would precisely be what Bitcoin offers.
Just read this report:
EU on Track to Ban Bitcoin: Report
'Bitcoin will be banned in the EU starting from 2025 if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework'
source: https://u.today/eu-on-track-to-ban-bitcoin-report
I don't know what they want, but I wanted you to know this ...
EU on Track to Ban Bitcoin: Report
'Bitcoin will be banned in the EU starting from 2025 if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework'
source: https://u.today/eu-on-track-to-ban-bitcoin-report
I don't know what they want, but I wanted you to know this ...
They feel btc not environmentally friendly so they will probably ban it in 2025 if no better option is provided. The target is to ban btc and other proof of work crypto out there. According to the article, soon "businesses would be prohibited from offering any services associated with proof-of-work cryptocurrencies".
Although they are yet to conclude, it seems they are pretty determined. I just hope they don't reach that conclusion to ban.
Did they on track to ban the Internet in 1990s? Did they succeed to ban the Internet?
Freedom of speech on the Internet threatens governments but they can not stop it because it is necessary for a growth of human civilization so that it can not be stopped. The same is for Bitcoin so it can not be stopped. Bitcoin, blockchain technology are here to stay and to improve human civilization, to bring us more freedom, more prosperous life.
Assume that EU fail to do ban on Bitcoin in 2025, will we have a same question in 2030, 2035, 2040 and later years? Sorry but in history, Bitcoin has been challenged by many fuds, attempts to break or stop it like this.
Many death calls and many ban attempts. All failed.
https://99bitcoins.com/bitcoin-obituaries/
Freedom of speech on the Internet threatens governments but they can not stop it because it is necessary for a growth of human civilization so that it can not be stopped. The same is for Bitcoin so it can not be stopped. Bitcoin, blockchain technology are here to stay and to improve human civilization, to bring us more freedom, more prosperous life.
Assume that EU fail to do ban on Bitcoin in 2025, will we have a same question in 2030, 2035, 2040 and later years? Sorry but in history, Bitcoin has been challenged by many fuds, attempts to break or stop it like this.
Many death calls and many ban attempts. All failed.
https://99bitcoins.com/bitcoin-obituaries/
"if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework" that statement should be highlighted, The deadline is 3 years which is very far to worried about for now. They are just taking there time to analyze more the effect of Bitcoin before they do such bold move against. Why they will allow 3 years room for waiting if they can easily cut out Bitcoin to there economy if they really want to banned Bitcoin? This journalist is just exaggerating this issue just to have a content.
Just read this report:
EU on Track to Ban Bitcoin: Report
'Bitcoin will be banned in the EU starting from 2025 if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework'
source: https://u.today/eu-on-track-to-ban-bitcoin-report
I don't know what they want, but I wanted you to know this ...
--------------------
Update 25/Feb/2022
--------------------
Update 14/Mar/2022
EU on Track to Ban Bitcoin: Report
'Bitcoin will be banned in the EU starting from 2025 if the Commission and the Council of the EU don’t ditch a crippling amendment to the MiCA framework'
source: https://u.today/eu-on-track-to-ban-bitcoin-report
I don't know what they want, but I wanted you to know this ...
--------------------
Update 25/Feb/2022
European Parliament Postpones Vote on Crypto Regulations Indefinitely
'The European parliament has postponed its vote on the proposed regulatory package for crypto assets after a leaked draft drew criticism for including a provision that sought to ban the use of cryptocurrencies like bitcoin and ether in the European Union (EU) over energy concerns.
The parliament member in charge, who is known as the rapporteur, Stefan Berger, has asked for more time to clarify the provisions, according to a Twitter post he made on Friday. The parliament was supposed to vote on the draft for the Markets in Crypto Assets (MiCA) framework on Feb. 28.'
Source: https://www.coindesk.com/policy/2022/02/25/european-parliament-postpones-vote-on-crypto-regulations-indefinitely/
European Parliament delays vote on crypto assets bill over proof-of-work debate
https://www.theblockcrypto.com/post/135459/european-parliament-delays-vote-on-crypto-assets-bill-over-proof-of-work-debate
'The European parliament has postponed its vote on the proposed regulatory package for crypto assets after a leaked draft drew criticism for including a provision that sought to ban the use of cryptocurrencies like bitcoin and ether in the European Union (EU) over energy concerns.
The parliament member in charge, who is known as the rapporteur, Stefan Berger, has asked for more time to clarify the provisions, according to a Twitter post he made on Friday. The parliament was supposed to vote on the draft for the Markets in Crypto Assets (MiCA) framework on Feb. 28.'
Source: https://www.coindesk.com/policy/2022/02/25/european-parliament-postpones-vote-on-crypto-regulations-indefinitely/
European Parliament delays vote on crypto assets bill over proof-of-work debate
https://www.theblockcrypto.com/post/135459/european-parliament-delays-vote-on-crypto-assets-bill-over-proof-of-work-debate
--------------------
Update 14/Mar/2022
Proposal Limiting Proof-of-Work Is Rejected in EU Parliament Committee Vote
https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
They voted 30-23
https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
They voted 30-23
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