The EU parliament committee has voted against the proof-of-work (PoW) ban. crypto cryptocurrency bitcoin $BTC
EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets
Prior to the vote, lawyer Jake Chervinsky noted that MiCA’s POW ban looks like “a pretext for a bitcoin ban.” He warned: “Make no mistake: if they manage to ban POW, they’ll come for POS [proof-of-stake] next, & every other Sybil resistance mechanism after that.”Hansen added that an alternative amendment from European Parliament member Stefan Berger received support instead.
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