EU Parliament Scraps Proof-of-Work Ban Following Backlash: Report

2 years ago

German crypto quality outlet BTC-ECHO reported a caller mentation of the Markets successful Crypto Assets (MiCA) authorities removes arguable wording that would person banned cryptos similar bitcoin (BTC) that trust connected the proof-of- work blockchain-based algorithm.

  • "It is important for maine that the MiCA study is not interpreted arsenic a de facto prohibition connected bitcoin," Stefan Berger, the subordinate of the European parliament successful complaint of shepherding done the legislation, told CoinDesk astatine the time.

  • On Tuesday Berger confirmed to the BTC-ECHO that the connection banning proof-of-work had been eliminated.

  • The deletion should presumably let for a ballot connected the measure to spell forward. For now, Berger says talks person resumed, but nary day has been set.

UPDATE (March 1, 2022, 21:15 UTC): Adds a statement.

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Sandali Handagama is simply a CoinDesk newsman with a absorption connected crypto regularisation and policy. She does not ain immoderate crypto.


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