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

  • 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 activities that could allegedly hurt the region’s efforts to promote sustainable technologies, according to multiple reports.

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