european union News and Articles

European Union’s lawmakers rejected a Green Party plan to explore other methods of proof-of-work mining that powers the Bitcoin blockchain. Earlier, the European Parliament didn't approve the proposal to impose limitations on the PoW systems. A Spanish member of the parliament's Green caucus...

The EU reached a deal on crypto regulations to stop illicit flows. A release by the organization says that the legislation is a part of the new anti-money laundering package and will be aligned with the Markets in Crypto-Assets (MiCA) conditions. The union of 27 countries will regulate the crypto...

Despite the high risks of investing in digital assets and general market volatility, many citizens continue to see cryptocurrencies as a tool that can increase their monetary savings. This, by the way, is evidenced by the results of a recent survey conducted by the Kantar analytical company...

The crypto sector regulations bill MICA (Markets in Crypto Assets) is entering the next phase of discussions without the point that offered to ban the use of BTC and other cryptos that use Proof-of-Work algorithm, and require electricity for their operations. On March 14, The EU legislative branch...

The European Union rejected the proposed bill that could have banned the first and the largest crypto, Bitcoin. Today, The Committee on Economic and Monetary Affairs (ECON) of the European Parliament voted on the Markets in Crypto Assets draft, with the majority saying no to it. MICA offered a...

The EU announced a new decision to extend the scope of sanctions on Russia and Belarus. According to a press release, published by the European Commission, the Members agreed to impose new targeted sanctions related to the situation in Ukraine and in response to the involvement by Belarus. The...

The European Parliament has put off the vote on the Markets in Crypto Assets (MiCA) draft, which discusses the environmental impact of Bitcoin and other cryptos which use the Proof of Work mining algorithm. Parliament member Stefan Berger announced that the vote scheduled for Feb. 28 was delayed,...

Erik Thedéen, Member of the Management Board of the European Securities and Markets Authority (ESMA) finds that EU regulators should encourage the crypto industry to use crypto mining that is less energy-consuming. During an interview with Financial Times, Thedéen said that he finds the solution...

Swedish regulators believe that Proof-of-Work mining of BTC and other cryptocurrencies will prevent the country and the European Union from complying with the Paris Agreement on Climate Change. In a joint statement, the head of the Financial Conduct Authority, Eric Tedeen, and the head of the...

In a survey of residents of the European Union, researchers found that people want local governments, not Brussels, to handle crypto regulation. The survey conducted by Redfield & Wilton Strategies for the Euronews TV channel included respondents living in Greece, France, Estonia, Germany,...

A popular cryptocurrency exchange Blockchain.com is adding British pound to its platform as it prepares for Britain’s upcoming farewell from the EU or Brexit. The news, published on Thursday, states that the extension will utilize Britain’s Faster Payments Service (FPS) to let...