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The Economic Committee of the EU has voted against the MiCA provision to effectively ban Proof-of-Work (PoW) crypto. During the weekend, it was feared that the The Bitcoin and Ethereum mining community in the European Union can breathe a sigh of relief after the Commission for Economic Policy (ECON) voted against a The EU Committee on Economic and Monetary Affairs (ECON) voted against the PoW ban on Monday, while passing a new amendment that adds cryptocurrency In a major event for the entire crypto industry, the coalition’s European Parliament’s Committee on Economic and Monetary Affairs (ECON) rejected a proposal that would have prohibited Proof The European Parliament’s ECON committee has rejected the idea of including in the MiCA the possibility of issuing a ban in the EU on cryptocurrencies with the The Commission for Economic Policy (ECON) of the European Parliament just voted against a Proof-of-Work (PoW) ban on cryptocurrency mining. In the vote, 32 Citing sources in the Economic Committee (ECON), Patrick Hansen of Unstoppable Finance said the ECON committee had voted in a ratio against a proposal Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or The European Union parliamentarians have voted against the Markets in Crypto Assets [MiCA] legislation, which means that mining Bitcoin or Ethereum is allowed. However, on Monday, March 14, the European Parliament Committee on Economic and Monetary affairs decided to vote against the ban on Proof-of-Work mechanisms

Bitcoin Breathes a Sigh of Relief: EU Committee Votes Against PoW Ban

The Bitcoin and Ethereum mining community in the European Union can breathe a sigh of relief! In a major event for the entire crypto industry, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) rejected a proposal that would have prohibited Proof-of-Work (PoW) crypto.

The Economic Committee of the EU has voted against the MiCA provision to effectively ban Proof-of-Work (PoW) crypto. The EU Committee on Economic and Monetary Affairs (ECON) voted against the PoW ban on Monday, while passing a new amendment that adds cryptocurrency regulations. This decision marks a significant victory for proponents of Bitcoin and other cryptocurrencies that rely on the PoW consensus mechanism.

Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or [MiCA] legislation, which means that mining Bitcoin or Ethereum is allowed.

The European Parliament’s ECON committee has rejected the idea of including in the MiCA the possibility of issuing a ban in the EU on cryptocurrencies with the Proof of Work mechanism. Citing sources in the Economic Committee (ECON), Patrick Hansen of Unstoppable Finance said the ECON committee had voted in a ratio against a proposal that would have essentially outlawed Bitcoin and Ethereum mining within the EU. The Commission for Economic Policy (ECON) of the European Parliament just voted against a Proof-of-Work (PoW) ban on cryptocurrency mining. In the vote, 32 ECON committee members voted against the ban. However, on Monday, March 14, the European Parliament Committee on Economic and Monetary affairs decided to vote against the ban on Proof-of-Work mechanisms.

The European Union parliamentarians have voted against the Markets in Crypto Assets [MiCA] legislation, which means that mining Bitcoin or Ethereum is allowed.

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