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The EU’s Near Miss on a Proof-of-Work Ban

The Breakdown

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The Eu Parliament Vote on a Po W Ban on Cryptocurrencies

Mika is a significant break with the principle of technological neutrality. By banning bitcoin and ether, by complicating the use of nft and dfi, the european parliament is mortgaging our monetary and financial sovereignty. An nft representation of a sword in a video game will therefore be governed in the same way as an asset by a market authority. The european union is condemning the development of our companies by imposing a regulation that is disconnected from their activity. Once again, we are leaving opportunities to others while boasting of ha good regulation. It's not just politicians, but companies like france's ledger that have been loud about this. Ledger put out a statement that said

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