EU Parliament Backtracks Ban On Bitcoin’s Proof-Of-Work

EU Parliament Backtracks Ban On Bitcoin’s Proof-Of-Work

The ECON committee voted against a provision that would limit Proof-of-Work mining in the EU, passing an alternative rule.The EU ECON committee voted on Monday to remove a section relating to a de-facto ban on bitcoin mining in the continent.The provision was part of the MiCA rules, the EU draft legislation to regulate Bitcoin and cryptocurrencies that passed on Monday's voting session.An alternative amendment on PoW passed, adding bitcoin mining to the EU sustainable finance taxonomy.The European Union (EU) has dropped its plans to impose a de-facto ban on bitcoin mining and related....

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