.jpg){kind=avatar}
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has recently been wrestling with the proposed Markets in Crypto Assets Regulation (MiCA)—a hallmark piece of legislation designed to coordinate the European Union’s approach to crypto. This week, ECON rejected versions of the legislative package that contained what has been described as a “de facto” ban on proof-of-work cryptocurrency mining, used by cryptocurrencies like Bitcoin and Ethereum.
“There were two alternative compromises that were related to this watered down version of the ban of unsustainable protocols. These kinds of compromises containing this de facto ban of unsustainable mechanisms were rejected,” an unnamed advisor involved in the negotiations told Decrypt on a phone call.
https://decrypt.co/95055/eu-votes-32-23-against-de-facto-bitcoin-mining-ban
