Death sentence for BTC in Europe: EU scraps move that bans PoW cryptos - BitcoinEthereumNews.com
BitcoinDeath sentence for BTC in Europe: EU scraps move that bans PoW cryptos03 / 02 / 2022बिटकॉइन एथेरियम समाचार The European parliament has been mulling over cryptocurrency regulations for a couple of years now, even as a number of roadblocks have slowed down the process considerably. One such obstacle was removed earlier today, as European Union lawmakers गिरा the ban on proof of work mining as an important clause of the Markets in Crypto Assets bill (MiCA). पीओडब्ल्यू बनाम पीओएस The recently scrapped section would have made it illegal for any crypto services in the EU to list and deal in coins from blockchain networks that use the energy-intensive proof of work mining mechanism to create new tokens, including top currencies like Bitcoin and Ether. This would have essentially baned Bitcoin and any other currencies that use PoW to secure their network from most of Europe. While the bill was set to be put to a vote on 28 February, the process was halted indefinitely after opposition erupted over the inclusion of this paragraph focused on PoW. This was revealed by lawmaker Stefan Berger on Twitter last week, who is also spearheading the MiCA bill, and noted that “it is crucial for me that