Regulation – Page 21

EU Revises Legislation Targeting Proof-of-Work Crypto Mining

Key Takeaways

A European law that proposes restrictions on environmentally unsustainable consensus mechanisms has been revised. That law could have conceivably restricted the use of Bitcoin and other mining-based cryptocurrencies prior to revision. Stefan Berger, a member of the European Parliament, confirmed that the relevant text has been removed.

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A piece of European regulation has been revised to remove language that proposed a ban on mining-based cryptocurrencies.

MiCA Regulations Targeted Crypto Mining

Language in a piece of legislation that was interpreted as problematic...

How Many Bitcoins are There in the World Right Now?

How many Bitcoins are left to mine?

This is one of the overarching questions in the Bitcoin world. At the current rate of production, there will only ever be a total of 21 million Bitcoins, 20,999,999,9769 to be precise. This means that once all of the Bitcoins have been mined, no new ones can enter into circulation. Once the 21 millionth Bitcoin is mined, the miners will stop getting rewarded with new Bitcoins. At that point, transaction fees will become the...