{"id":321404,"date":"2022-02-27T09:28:00","date_gmt":"2022-02-27T14:28:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=321404"},"modified":"2022-02-27T09:28:00","modified_gmt":"2022-02-27T14:28:00","slug":"european-parliament-suspends-proposed-plans-to-vote-on-crypto-bill","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/european-parliament-suspends-proposed-plans-to-vote-on-crypto-bill","title":{"rendered":"European Parliament Suspends Proposed Plans To Vote On Crypto Bill"},"content":{"rendered":"
According to the report, the lawmaker leading the proposed framework says the situation needs to be clarified before MEPs can get into action. However, the head of ECB wants the lawmakers to speed up plans for the regulatory framework.<\/p>\n
The vote on the regulation was scheduled to take place on February 28, but the rapporteur for the legislative package, Stefan Berger, announced on social media that he has requested a postponement.<\/p>\n
The move is coming after a draft containing provisions to prohibit the offering of crypto-related services was leaked to the press. The draft relied on “environmentally unsustainable consensus mechanisms”, according to the report. As a result, concerns were raised that crypto-assets like Bitcoin, which are based on proof-of-work mining, will be banned from January 1, 2025.<\/p>\n