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Where do we stand? -Breaking

by Mike Robinson

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© Reuters.

The proposed European Union Regulation on Markets in Crypto Assets, or MiCA, (hereinafter the “regulation”) was put to a vote in the European Union Parliament’s Committee on Economic and Monetary Affairs on March 14, 2022, and in the end, the Amendment proposed to prohibit or limitCrypto assets that use proof-of work are crypto assets Would have had the desired effectA ban onBTC), Was rejected.

The question of how crypto assets will be assessed from an environmental regulation perspective remains, however, with the Member of the European Parliament in charge of the text indicating that crypto assets will be included, like all other financial products, in the area of the union’s taxonomy (the process of classifying economic activities that have a favorable impact on the environment), without specifying the treatment of these assets in view of this taxonomy.

Thibault VerbiestSince 1993, Mr. X is an attorney in Paris, Brussels, and is now a partner of Metalaw. There he leads the fintech, digital banking, and crypto finance department. He’s the coauthor of many books, including the French-language first book on Blockchain. As an expert for the European Blockchain Observatory and Forum and World Bank, Thibault is also a member. Thibault also co-founded PayFoot. Thibault was appointed chairman of IOUR Foundation (a public utility foundation that supports the adoption of new internet technologies, including blockchain and TCP/IP) in 2020.

Jérémy FluxmanSince 2017, he has worked as an associate in Paris and Luxembourg at law firms that specialize in private equity, investment funds and at a Monaco firm. A Master II in international law, he is now an associate at Metalaw in Paris. He advises clients on crypto, fintech and blockchain finance.