EU Parliament Votes Against The ‘De-Facto Bitcoin, Ethereum PoW Ban’ ⋆ ZyCrypto



EU Is Set To Vote On Whether Or Not It Intends To Ban Bitcoin And Ethereum

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The European Parliament’s Committee on Economic and Monetary Affairs (ECON) on Monday has voted against the de-facto proof-of-work ban: 32 against, 24 in favor.

As ZyCrypto reported yesterday, a provision looking to force proof-of-work (PoW) cryptocurrencies like Bitcoin and Ethereum to switch to the more environmentally friendly proof-of-stake (PoS) consensus mechanism was in a draft of MiCA up for a parliamentary vote today.

This is a developing story… refresh for updates.




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Erie is the lead editor at ZyCrypto and a highly prolific content producer with a focus on researching cryptocurrencies and has been engaged in the world of digital assets since 2015.

Contact: Erie.Maxwell [at] zycrypto.com.

Source: https://zycrypto.com/breaking-eu-parliament-votes-against-the-de-facto-bitcoin-ether-pow-ban/