How This Member Of Parliament Rescued Bitcoin Amid New Regulatory Reforms In Europe
— Proofofwork, Parliament, Europe, Regulatory, Amid, Trilogue, Commission, European, Rescued, Bitcoin — 1 min read
MEP Stefan Berger led the drafting of the Market in Crypto-Assets (MiCA) legislation. The European Commission, European Union (EU) lawmakers, and member states (known as a trilogue in European politics) agreed on historic reforms for cryptocurrency regulation. In March of 2022, Berger had dealt with an attempt to thwart the mandate to include a ban on bitcoin (BTC BTC ) over energy concerns. MiCA requires that within 18 months, “the European Commission will be tasked to prepare a comprehensive assessment and a specific, proportionate and horizontal legislative proposal to create a legislative proposal for addressing the emerging market, if deemed necessary,” said Berger. The agreed-upon regulations in MiCA will be a ‘global role model Source