EU Committee Rejects Proposal to Ban PoW Networks Such as Bitcoin

Quick take: The EU’s ECON committee has voted against a proposal to ban proof-of-work crypto networks in the region 32 members of the committee voted against the proposal with 24 in favor The proposal was meant to target proof-of-work networks such as Bitcoin’s that did not meet environmental sustainability standards Crypto mining will most likely be added to the EU sustainable finance taxonomy The Committee on Economic and Monetary Affairs (ECON) of the European Parliament has just voted against a […]