How political is bitcoin? In the Ukraine war, the neutrality of Bitcoin is revealed more than ever. Because: Once the coins are in the self-managed wallet, they are immune from sanctions. This definitely opens up a flank for fundamental criticism, for example when Russian oligarchs use cryptocurrencies to protect their assets from the West. On the other hand, there is hardly a faster option to send money to Ukraine than with BTC. So far, the Ukrainian state has raised $35 million through crypto donations.
Will Bitcoin Neutrality Become the Sword of Damocles?
MiCa Regulation: Banning Bitcoin Off the Table
This caused quite a stir: an EU Parliament draft regulation contained a legal passage that would have implied a de facto ban on proof-of-work cryptocurrencies like Bitcoin. The paragraph is now off the table due to pressure from BTC-ECHO on decision makers.
More on that on the podcast.