Bitcoin-Banning Measure Seen Too Close to Call in Tomorrow's EU Parliament Vote

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While tomorrow's committee vote on a proposed rule that could effectively ban bitcoin in the EU is still too close to call, people familiar with the matter told CoinDesk that they see it being defeated by a slim margin. iamsandali

. Although the vote is still a close call, a small majority of committee members may vote against the measure, according to people familiar with the matter.that the provision in question requires all crypto assets to be subject to the EU’s “minimum environmental sustainability standards with respect to their consensus mechanism used for validating transactions, before being issued, offered or admitted to trading in the Union.

Although there are plans to move ethereum to a proof-of-stake consensus mechanism, it’s unclear whether the same option is available for bitcoin.“Extremely high stakes vote in the EU.

Stefan Berger, the EU parliamentarian charged with overseeing the content and progress of the MiCA framework, has been trying to reach a compromise over restricting proof-of-work.

 

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iamsandali You can’t ban something that you can’t control. It’s like banning the ability to walk on public streets. Clearly the EU lacks mental capabilities or are completely out of touch with reality that it’s extremely embarrassing. Maybe the EU should ban the pills they are taking. 😂

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iamsandali Bitcoin always win. There are billions dollars invested in Bitcoin and other cryptocurrency. They won't ban anything. They just want to dump Bitcoin and buy the dips. If America isn't against of the use of crypto, it is europa, which will ban it. Do not sell them your btc

iamsandali The bureaucratic EU digging their own graves! Ladies and gentlemen

iamsandali If the EU does this it will only make Bitcoin stronger. The EU is just a dictatorship.

iamsandali It is so funny that government institutions think they can stop us from using crypto, when the main reason we use it is because we don't have any more trust in government institutions.

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iamsandali I wish for a world in which people making laws would understand technology they're trying to regulate but that's asking too much of course.

iamsandali It is not a ban!!

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iamsandali Hopefully doesn’t affect U.K. after leaving the eu

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iamsandali I don’t think it’s a ban, it’s legislation to make POW miners ESG compliant.

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iamsandali They are not going to ban it anyhow, because the can't technically. And they, or the poeple who are really behind this know it.

iamsandali Ignorance (PoW bad, all 'cryptos' are the same, y not use PoS instead?) + agenda (effectively trying to ban Bitcoin) could lead to adverse legislature, however, that won't happen imo. Stakes are to high at this point, game theory too ruthless. We are too far in now.

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iamsandali This would be ludicrous if matter of such importance would be decided by thirty bureaucrats in Brussels... I am a single issue voter on this one, will not support any party in eu elections that votes for this ban. CC Platforma_org bbudka AndrzejHalicki donaldtusk

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