Jump to content
The World News Media

Recommended Posts

  • Member
Posted

On Monday, March 14th, the European Parliament ECON Committee will vote on MiCA, the comprehensive crypto regulatory proposal for Europe. At the last possible moment certain parties offered amendments to MiCA that would ban Proof of Work consensus protocols, such as Bitcoin, Ethereum, and other popular blockchains and crypto assets in Europe, issuing an ultimatum to the rest of Parliament: “accept our bitcoin ban or we will oppose the entire MiCA package.”

Individuals and organizations should be free to choose the technology most appropriate to their needs. Policymakers should neither impose nor discriminate in favor of a particular technology. This is deeply concerning and would have serious consequences for Europe. 

Here’s why: 

  1. The innovative and growing digital asset economy in Europe will vanish. Without Bitcoin and Ethereum, crypto exchanges and other crypto service providers cannot operate profitably. They will be forced to close, move, or block access to Europeans. DeFi protocols dependent on ETH will not be able to legally serve Europeans. Let’s be clear, this activity won’t stop, it will simply move to the United States or Asia, where it is currently welcomed. For example, U.S. President Biden just this week signed an Executive Order stating: 

We must reinforce United States leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets.  The United States has an interest in ensuring that it remains at the forefront of responsible development and design of digital assets and the technology that underpins new forms of payments and capital flows in the international financial system[.] Continued United States leadership in the global financial system will sustain United States financial power and promote United States economic interests.

Europe’s loss will be the United State’s gain, and through MiCA, Europe will permanently cede the leadership and control of Web3 to the U.S., just as it did with Web2, which remains dominated by a handful of U.S. tech giants. 

It is crucial that Europe stays in the innovation race and takes the chance to build the champions and leaders of the Web3 world to come, creating thousands of jobs in the process. 

 

  1. Consumer protection will be harmed by a bitcoin ban in Europe. Due to the nature of digital assets, even if ‘banned’ digital assets will remain available in Europe, just not on safe and regulated EU platforms. This would present severe consumer protection concerns as consumers will be forced to access foreign platforms that may be hard to understand and have less (or no) regulatory oversight.

As a French founded and European business, we at Ledger will always protect freedom and self-custody, particularly in our backyard. That is why we are calling on YOU to contact your Member of European Parliament (MEP) and let them know that you oppose a Bitcoin ban in Europe. Here is how:

  1. Look up your MEP here.
  1. E-mail, call or tweet your MEP and tell them: 

“An outright ban of proof-of-work assets will cripple the EU market, encourage circumvention of law, worsen consumer protection, and push the industry outside the EU – all with no benefit to the environment! Please ask the ECON Committee to oppose Amendments ALT A and ALT G.”

For more information on the proposed proof-of-work ban, we recommend this report prepared by the ADAN.


  • Views 1k
  • Replies 2
  • Created
  • Last Reply

Top Posters In This Topic

  • Member
Posted

Granted the governments want to get involved, something of this nature isn't a surprise.

So a currency for the people, will evidently become a currency for the gov't if their attempt fails.

It is also good to note that Bitcoin itself takes up a lot of energy, I believe.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...




  • Recently Browsing

    • No registered users viewing this page.
  • Popular Contributors

  • Topics

  • Posts

    • Tout est dans le titre. En français. Il s'agit de la transcription des 66 livres de la Bible présent dans JwLibrary Rubrique Vidéos; Livres de la Bible. Salutations JPL Transcriptions Bible Introductions+.rar
    • Let the bible speak for itself: Ezekiel 38:   ‘This is what the Sovereign Lord Jehovah says: “On that day when my people Israel are dwelling in security, will you not know it?q 15  You will come from your place, from the remotest parts of the north,r you and many peoples with you, all of them riding on horses, a great assembly, a vast army.s 16  Like clouds covering the land, you will come against my people Israel. In the final part of the days I will bring you against my landt so that the nations may know me when I sanctify myself through you before their eyes, O Gog.”’u...... ‘Every man’s sword will be against his own brother.x 22  I will bring my judgment against him* with pestilencey and bloodshed; and I will rain down a torrential downpour and hailstonesz and firea and sulfurb on him and on his troops and on the many peoples with him.c 23  And I will certainly magnify myself and sanctify myself and make myself known before the eyes of many nations; and they will have to know that I am Jehovah.’ So Jehovah will be magnified as the true god.... when they attack the Israel of god  - read Gal 6:16. Anointed Christians are the new Israel of god. Hebrews 12:22 "But you have come to Mount Zion, to the city of the living God, the heavenly Jerusalem."  Jesus is the Anointed one (Messiah) who, during the 1000 years will rule over the earth to restore the original paradise (the original purpose of God).  He will be king and priest. This means that his ransom sacrifice will be applied to all those who are resurrected on earth (earthly part of Jehovah's universal government).  This will include "unrighteous" ones who never knew anything about Christ or Jehovah.   Acts 24:15 " And I have hope toward God, which hope these men also look forward to, that there is going to be a resurrectionk of both the righteous and the unrighteous."l Read Revelation 20:1 -3  This shows that there will be nations on earth that will survive the great tribulation. verse 3: " And he hurled him into the abyssf and shut it and sealed it over him, so that he would not mislead the nations anymore until the 1,000 years were ended. After this he must be released for a little while." After the final test when all humans (as perfect individuals like Adam) will be tested like Adam was, Jesus will hand over the Kingdom back to his father.  1 Cor 15: from 24 "  Next, the end, when he hands over the Kingdom to his God and Father, when he has brought to nothing all government and all authority and power.e 25  For he must rule as king until God has put all enemies under his feet.f 26  And the last enemy, death, is to be brought to nothing.g 27  For God “subjected all things under his feet.”h But when he says that ‘all things have been subjected,’i it is evident that this does not include the One who subjected all things to him.j 28  But when all things will have been subjected to him, then the Son himself will also subject himself to the One who subjected all things to him,k that God may be all things to everyone." l
    • That’s what it all comes down to,,,thanks.
    • The complimentary edamame is cold and unflavored.    Overall a great atmosphere and a great roll 
  • Members

    No members to show

  • Recent Status Updates

  • Forum Statistics

    • Total Topics
      65.5k
    • Total Posts
      159.8k
  • Member Statistics

    • Total Members
      17,777
    • Most Online
      1,797

    Newest Member
    blady jhvh
    Joined
×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.