MICA vote in the European Parliament

17/03/2022

The European Parliament's Committee on Economic and Monetary Affairs (ECON) voted on 14 March 2022 on the Parliament's final version of the MICA* regulation on new digital assets.

This last version of the Parliament did not retain the amendment consisting in banning crypto-currencies based on the reputedly energy-intensive "Proof of Work" technology such as Bitcoin or Ether. This bill still has to pass the trialogue stage between the European Commission, Council and Parliament before being definitively adopted, and should come into force by 2025.

ECON press release

* MICA: Markets in crypto-assets.