ICYMI: сoncerns about a potential Bitcoin crackdown are likely exaggerated, according to a recent report BTC $BTC EU
The article caused a stir on social media, particularly among the proponents of Bitcoin. However, concerns about a looming crackdown on proof-of-work are likely overblown.
According to Patrick Hansen, head of strategy for a decentralized finance company, the alarming report is"mainly FUD" since it refers to older minutes and documents that date back to November and February. As reported by U.Today, the European Parliament voted against a"de facto" Bitcoin ban in mid-March after facing severe backlash from the industry. Hence, the cryptocurrency community seems to be out of the woods for now.
That said, some of the documents have been redacted since policy discussions around Bitcoin will continue. In late March, the EU also voted to prohibit anonymous cryptocurrency transactions of any size in order to prevent money laundering and other illicit activities facilitated with the help of digital assets.