Once again emerging as the week’s top topic was geopolitics, with both the U.S. and European Union moving closer to a comprehensive framework for regulating crypto.
The European Parliament on Monday is scheduled to vote on a legislative package called the Markets in Crypto-Assets Directive (MiCA). Stefan Berger, chairman of the Parliament’s economics committee and chief architect of the directive, confirmed on Monday the vote was upcoming and hinted at a few items that may be included.
Heute habe ich den finalen MiCA-Entwurf eingereicht. Der ECON-Ausschuss wird am 14. März 2022 hierüber abstimmen ➡️ Thread #MiCA
Voting on the directive originally was scheduled for February 28, but, as Berger noted, it was delayed over concerns the draft package “might be misinterpreted as a de facto Bitcoin ban.” The ambiguous language has since been clarified, with Berger hinting that crypto will fall under the remit of the EU’s taxonomy for sustainable activities.