EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative...
European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects Proof-of-Work Ban The Committee on Economic and Monetary Affairs (ECON) voted on the proposed Markets in Crypto Assets (MiCA) framework Monday. The proposal includes a de-facto ban on proof-of-work, a last-minute addition to the bill. According to Patrick Hansen, head of strategy....
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The ECON committee voted against a provision that would limit Proof-of-Work mining in the EU, passing an alternative rule.
“It is crucial for me that the MiCA report is not misinterpreted as a de facto Bitcoin ban,” said Stefan Berger. The parliament of the European Union is delaying a vote on a framework aimed at regulating cryptocurrencies amid concerns over proof-of-work mining.In a Friday Twitter thread, European Parliament economics committee member Stefan Berger said the government body had canceled a vote on the Markets in Crypto Assets, or MiCA, framework scheduled to take place on Monday. Berger said parliament needed to clarify “the question of proof-of-work” in discussions with stakeholders to....
"Strong support for MiCA is a strong signal from the EU Parliament for a technology-neutral and innovation-friendly financial sector," said Stefan Berger. The parliament of the European Union has scheduled a vote on a framework aimed at regulating cryptocurrencies after addressing concerns over proof-of-work mining.In a Monday Twitter thread, European Parliament Committee on Economics and Monetary Affairs member Stefan Berger said the committee will vote on the Markets in Crypto Assets, or MiCA, framework on March 14 following the submission of a final draft of the bill. As the rapporteur....
The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March 14 The EU’s Markets in Crypto Assets (MiCA) regulations have been submitted to the European Parliament’s Economic and Monetary Affairs Committee (ECON), the rapporteur for the regulatory package,....
A win in the European Parliament, but will mining rules have to change? “Eventually, only PoS will be adopted by blockchain applications.” Proof-of-work (PoW) crypto mining won’t be banned in the European Union — not this year at least. That’s the conclusion from last week’s closely watched committee vote in the European Parliament (EP). A last-minute amendment presented by an ad hoc coalition of social democrats and Greens would have established a de facto ban on proof-of-work mining — the type of consensus mechanisms used by native cryptocurrencies like Bitcoin (BTC) and Ether (ETH) —....