The proposed legislation aiming to regulate the European crypto space to prevent cryptocurrencies that rely on proof-of-work (PoW) mining has been scrapped by the European Union lawmakers. The move comes after the decision sparked objection from the crypto community.  Rumors of banning cryptocurrencies with PoW mining, such as Bitcoin are missing in the latest framework published by the EU’s Market in Crypto Assets (MiCA). The proposed bill sought to enforce oversight of the crypto industry, including the introduction of a licensing scheme for service providers and regulations for stablecoins.  The EU Parliament was expected to approve the proposed legislation on February 28 and had also decided to ban the network from January 2025, however, the vote had to be postponed to address concerns raised by the representatives of crypto space.  Stefan Burger has confirmed that the bill has been completely removed, although, the vote has been rescheduled. Additionally, climatic concerns have been weighing on Europe. In 2021, Sweden’s financial regulator had proposed a recommendation to ban Bitcoin mining and other PoW coins, arguing about the energy expenditure. 

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Bitcoin could be banned in the European Union from early 2025 if the European Parliament fails to scrap an amendment to the Markets in Crypto-Assets (MiCA) framework. MiCA is the increasingly anticipated crypto regulatory framework for the European Union. According to a report released by German cryptocurrency media outlet BTC-ECHO, there is a provision forbidding […]

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Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business have revealed. Russian Central Bank, Finance Ministry Agree to…

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Several nations have already outlawed cryptocurrencies like bitcoin, with China being the most high-profile example. The People’s Republic of China infamously declared all virtual currency-related activities illegal last year. Last month, Russia’s central bank called for an absolute ban on crypto mining and use within its borders. Now, the governor of the Hungarian National Bank, […]

MNB's Governor - György Matolcsy - urged the country and the EU to ban bitcoin mining and trading.

Inflation is a nasty topic that continues to dominate headlines as we venture further into 2022. Unfortunately, it is an ongoing concern that will not solve itself as world governments turn to increase interest rates and tapering to fight the inflation blaze as investors seek a life raft. As people are growing more and more […]

The post What’s the Better Inflation Hedge: Bitcoin or Gold? appeared first on Coin Bureau.

A changing of the guard is standard for fiat currencies — but bitcoin is set to supplant them all.

There is an interesting human trait that causes people to grasp and believe any argument, no matter how asinine, when it criticises something they do not like. It is an odd bit of human nature that we see in everything that is tribal that causes a division in people, whether religion or politics or video […]

The post Is Bitcoin Mining REALLY Bad for the Environment? appeared first on Coin Bureau.

Why is it imperative that Bitcoiners explain the benefits of Bitcoin to Donald Trump?

The first day of Keyfest 2022 highlighted the growth of the Lightning Network and Taproot, and reflected on the future of Bitcoin.

Compatriots of jailed opposition leader Alexei Navalny have continued sending the Kremlin critic Bitcoin donations all year.

The post Navalny nets steady stream of Bitcoin donations during prison camp stint appeared first on Protos.

Erik Thedéen, the Vice-chair of the European Securities and Markets Authority, recently recommended a ban on proof-of-work mining in the EU. Citing its impact on Sweden, he stated, “It would be an irony if the wind power generated on Sweden’s long coastline would be devoted to Bitcoin mining.” Regulators analyze mining impact Previously, Norwegian authorities […]