The EU's Markets in Crypto-Asset Rule (MiCA) regulation of the European Commission is one of the many attacks against bitcoin.
Bitcoin is being attacked. It is becoming more widely regarded as "dirty currency." Greenpeace, Elon Musk's Tesla, Wikipedia, and other organisations no longer accept Bitcoin as payment for products or as a method of charitable donations.
"Cryptocurrency is a good idea on many levels, and we believe it has a promising future, but this cannot come at great cost to the environment," according to Musk, one of the most controversial and wealthy individuals on the globe. Ouch.
And Musk isn't the only one. Bitcoin has also come under fire from politicians.
Before the Markets in Crypto-Asset Rule (MiCA) regulation of the European Commission was approved, it created quite a stir in the Bitcoin community, especially because left-wing EU Parliamentarians opposed proof of work (PoW) and the energy use of the Bitcoin network. In the trilogue, a variant of ...
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