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European crypto regulatory framework goes to three-way consideration without PoW ban

The EU parliament didn’t use its option to block the current version of MiCA that does not contain the hostile clause.
The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over.

MiCA is a regulatory framework that contains 126 articles as well as a detailed plan of their implementation by the institutions of the European Union and its member states. The draft was introduced by the European Commission back in 2020 as a part of its Digital Finance strategy.

Early on Friday, Berger confirmed that MiCA avoided the challenge in the EU parliament and will pass to three-way consideration. He shared his optimism about the next steps of the process and mentioned putting forward a proposal to include cryptocurrency mining activities in the EU taxonomy.
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European crypto regulatory framework goes to three-way consideration without PoW ban

The EU parliament didn’t use its option to block the current version of MiCA that does not contain the hostile clause.
The much-dreaded prospect of a ban on cryptocurrencies that use proof-of-work (PoW) consensus is making its way into a key European digital asset directive appears to have blown over.

MiCA is a regulatory framework that contains 126 articles as well as a detailed plan of their implementation by the institutions of the European Union and its member states. The draft was introduced by the European Commission back in 2020 as a part of its Digital Finance strategy.

Early on Friday, Berger confirmed that MiCA avoided the challenge in the EU parliament and will pass to three-way consideration. He shared his optimism about the next steps of the process and mentioned putting forward a proposal to include cryptocurrency mining activities in the EU taxonomy.
#news

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European crypto regulatory framework goes to three-way consideration without PoW ban

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