© Reuters.

The proposed European Union Regulation on Markets in Crypto Assets, or MiCA, (hereinafter the “Regulation”) was put to a vote in the Committee on Economic and Monetary Affairs of the Parliament of the European Union on March 14, 2022, and was finally the proposed amendment to ban or restrict proof-of-work-based crypto assets, which would have effectively led to a ban on (BTC) was rejected.

However, the question of how crypto-assets will be assessed from an environmental regulatory perspective remains with the Member of the European Parliament responsible for the text stating that crypto-assets will be included, like all other financial products, in the area of the union. taxonomy (classifying economic activities that have a beneficial effect on the environment), without specifying the treatment of these assets in the light of this taxonomy.

Thibault Verbiest, lawyer in Paris and Brussels since 1993, is a partner at Metalaw, where he leads the fintech, digital banking and crypto financing division. He is the co-author of several books, including the first book on blockchain in French. He acts as an expert at the European Blockchain Observatory and Forum and the World Bank. Thibault is also an entrepreneur, having co-founded PayFoot. In 2020, he became president of the IOUR Foundation, a public benefit foundation that aims to promote the adoption of a new internet, merging TCP/IP and blockchain.

Jérémy Fluxman has been an associate since 2017 at international law firms in Paris and Luxembourg in the field of private equity and investment funds, as well as at a law firm in Monaco. He has a Masters II in International Business Law and is currently an associate at the firm of Metalaw in Paris, France, where he advises on fintech, blockchain and crypto financing.

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