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International Economic
14 Mar
piecebitcoin
Bitcoin suffers ahead of European parliament vote that could lead to its ban

Bitcoin and cryptocurrencies were in a corrective mode all weekend ahead of the European Parliament committee vote on Monday about a new regulatory framework for cryptoassets, called Markets in Crypto Assets (MiCA), which puts the Proof of Work (PoW) model under the spotlight. This could speed up the approval of a measure that industry executives say could virtually ban major digital currencies, such as Bitcoin and Ethereum, in Europe.