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Environmental Sustainability a Focal Point in EU MiCA Bill Vote -Breaking

by Mike Robinson

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© Reuters. The EU MiCA Bill Vote on Environmental Sustainability
  • A controversial line relating to environmental sustainability was added back into the European Union’s MiCA bill.
  • The legal standing of mining in the EU hinges on the results of today’s vote in MiCA.
  • Regulation is most concerned with concerns about Bitcoin miners’ carbon emissions and energy consumption.

A line relating to environmental sustainability was added back into the European Union’s MiCA bill. The possibility that cryptocurrency miners could find this problematic in the region is possible.

Today’s meeting will see members of the European Parliamentary Committee on Markets in Crypto Assets, (MiCA), meet. The outcome of the voting that will take place at the meeting today could have an impact on the legal standing of Bitcoin – and other cryptocurrency – mining in the EU.

The line “minimum environmental sustainability” is a controversial line that relates to cryptocurrency mining, and has been reintroduced to the bill after it was previously removed.

To comply with the new line, blockchain miners would need to prepare a rollout plan that outlines how they will adhere.

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