These kinds of people now its value and it's obvious that they don't put some strict measures against it especially banning it. Now, what's next for those who want it to get banned?

instead of that, they can just put some regulations where they protect their citizens from frauds and scams. taking advantage of the opportunity will give them a nice result. banning it will give them nothing in return.

This is a slap on the face or a wake up call to everybody who is now shifting their attack on Bitcoin from the point of view of environmental concerns. They are clearly hypocrites. Although this doesn't close the issue altogether, at least it is now made a little bit clearer that the EU has the "aim to boost users’ confidence and support the development of digital services and alternative payment instruments."

And to those who have singled out Bitcoin in their fake environmental advocacy, Members of the European Parliament "stress that other industries (e.g. the video games and entertainment industry, data centres) also consume energy resources that are not climate-friendly." So if these critics are truly concerned about the environment, perhaps they should also call for a ban on video games, entertainment, data centers, etc.

That's unexpected, isn't it? Europeans are known for their environmental conciousness so I had expected them to vote in favor for it and not against it. It would have forced the EU miners to look for alternative source of energy rather than using conventional ones. But anyway, since now they have voted against it, the current form of operation stays in business. The POS ban wouldn't be a nice news for the community for sure!

Source: https://twitter.com/paddi_hansen/status/1503401992215044097

So the anti bitcoin parliamentary groups are: S&D, Greens, & GUE.

For the European voters of this forum: remember them. Is the party you vote in your country part of one of these Eurogroups?

Never understood what they mean when they say minimum environmental sustainability standard?

I am not sure why these are still running: Cars, Factories, Satellites, Rockets and everything basically that use fuels to run?

We have nuclear and green energy sources to replace the fuel consumption, why dont they replace it entirely on the planet earth so that we can have so called, "minimum environmental sustainability standards."

Tails of politics and nothing else. I am not sure and dont wanna compare how much energy mining takes against all those things running on gas. But surely its way less and still they think its harmful for the environment. Lolz.

I do not believe that this kind of news could have a positive effect on the price, because most of the EU is not exactly a place where BTC can be profitably mined. Although some crypto miners have their own mining farms in the area, the biggest impact is still on some other parts of the world where such operations are carried out on a much larger scale. People misunderstand that this was a real threat at all, because the procedures for passing laws in the EU are not so simple, and any member state may refuse to implement such a law.

Political games about some things related to cryptocurrencies in general in all parts of the world are not exactly in the focus of investors who have turned their attention to the war and everything that will result from the sanctions imposed on the aggressor country. Bitcoin is holding up well no matter what, but in these circumstances, I don't expect a bull run - the bigger challenge will be to defend the position it currently holds.

EU is going to experience a major energy crisis due to Russia's war, so it would make sense for them to limit their energy use, including limiting non-essential large scale energy use. And since most of the population doesn't use Bitcoin, and banning mining in EU won't even stop Bitcoin, I can totally imagine some restrictions on mining in the future. But maybe they will ignore it if it's not a big issue for them.

In addition baning mining and extending it to Bitcoin for this crisis that is happening within European region will makes things tougher to them, but i know actually that eradicating mining over there won't really affect Bitcoin adoption and existence of Bitcoin in other continent and sub countries, but it only increase the rate of hardship over there base on limitations of fast transaction or importation from other countries, using Ukraine as reference, today people donates Bitcoin in respect of charity and they received, so without bitcoin existing other people who is from long distance won't have render support of fundraising.

I totally agree with you on this , that's why the bill failed because I believe they might have gone through it and see the negative and positive impact it's going to have on people within the EU countries. Just that most Government are very reluctant in solving their major problems they have, they keep focus on banning crypto and other related activities as if it's the major problem facing their respective countries .. this keeps me wondering a lot.