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

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.