MEPs vote against European Bitcoin ban, but the proposals could return

MEPs vote against European Bitcoin ban, but the proposals could return

2 years ago
Anonymous $jukOC22bR_

https://techmonitor.ai/technology/emerging-technology/european-bitcoin-ban-ethereum

Members of the European Parliament have voted to not ban the mining of proof of work (PoW) cryptocurrencies such as Bitcoin and Ethereum despite a last-minute amendment which would have seen mining the currencies effectively made illegal on the continent. A watered-down version of the legislation will continue to move forward though, paving the way for possible controversy in future years. 

Part of the European Union’s Digital Finance Strategy, the Markets in Crypto Assets (MiCA) legislation had previously been amended to remove the controversial passage, but a new amendment was added over the weekend which saw it brought back. However, lawmakers decided against backing this change, which had drawn predictable criticism from the cryptocurrency community.

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