EU’s MiCA package progresses to trilogue stage without a provision banning bitcoin.
the regulations without a provision that would have effectively prohibited the offering of services for bitcoin and the like.
However, the crypto community couldn’t greet the development with relief as it was still possible to prevent the draft from progressing to the next stage of the legislative process – the trilogue between the European Parliament, the European Commission, the executive arm in Brussels, and the Council of the EU, the other legislative body of the Union.
The deadline by which an objection could be filed expired at midnight on Thursday, March 24, the German crypto news outletEcho noted in a report. Until then, the factions of the Greens, Left and Social Democrats, the supporters of the de facto bitcoin ban, could halt the advance of MiCA and attempt to reintroduce the text which had sparked negative reactions from the crypto community.
Stefan Berger, the rapporteur for the legislation, confirmed on social media that MiCA will now be subjected to negotiations between the three leading EU institutions. Berger who is also a member of ECON, thanked his colleagues at the committee and other supporters of his efforts. In a tweet he stated:
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