EU Parliament Nods to Crypto Mining for MICA Law
The ECON of the European Union voted “no” regarding the indefinite ban of Proof-of-Work cryptocurrencies in the bloc. 30 voted against banning PoW, while 23 voted yes. The remaining 6 abstained. This means Bitcoin and Ethereum will be approved in the European Union. In a decisive session, the European Parliament’s Committee on Monetary Affairs (ECON) voted to retain crypto mining in its Markets in Crypto-Assets (MiCA) regulation. Basically, this decision now allows Proof-of-Work (PoW) cryptocurrencies like Bitcoin and Ethereum on European Union states. This also means that the MiCA regulation has more clarity now regarding how the EU will regulate
