EU vote on Bitcoin mining: What does it mean for the industry?
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) —....
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The proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on May 10. There’s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That’s according to a majority vote passed by the Norwegian parliament on May 10.The proposal to ban Bitcoin mining in Norway was first suggested in March this year by the Red Party (Norway’s communist party.) In this week's vote, the proposal was overturned as only Norway’s left-leaning parties, including the Socialist Left Party, the Red Party and the Green Party would support a ban on cryptocurrency mining.Jaran....
Following a majority vote of the North Carolina Senate, the General Assembly of the state has now approved the amendment of a statutory article – the North Carolina Money Transmitters Act. The move will see the term “virtual currency” added to the existing law. Bitcoin exchanges and other industry companies in North Carolina will now be mandated to obtain a money transmitter license following a vote by members of the North Carolina Senate. In May 2016, North Carolina state’s House of Representatives overwhelmingly voted in a 117-to-1 vote, seeking the update before the recent approval from....
Tomorrow, legislators of Fort Worth, Texas will vote on a bill for bitcoin mining while the City Council will receive three miners from the Texas Blockchain Council.
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted that Europe should move quickly to prevent Russia from evading sanctions. European Parliament Postpones Crypto Legislation to Address Concerns Over Possible Proof-of-Work Ban The vote on Europe’s new Markets in Crypto Assets (MiCA) proposal will not....
A new Australian political party called Flux is aiming to ‘upgrade democracy’ and change the way Australians vote by using the Flux app built entirely on the blockchain platform. What is the Flux? This is a tool that enables Australians to participate directly with parliament, making the need for trust in elected officials to become a thing of the past. On July 2, the Flux Party are putting up 13 candidates for election to Australia’s Senate in federal elections. By using a cellphone app, Australians who can prove they are registered voters will be able to inform elected represented....