The European Parliament voted on the MiCA legislation regarding the legal regulations to be brought to the cryptocurrency market. The article stating that the use of cryptocurrencies operating with the proof-of-work mechanism can be prohibited was rejected.
Due to some controversial articles that are expected to be regulated by the European Parliament on February 28th. March 14 The voting of the MiCA legislation, which was postponed to date, was held. Members of the European Parliament’s Committee on Economic and Monetary Affairs voted against the MiCA clause, which could effectively ban cryptocurrencies operating with a proof-of-work mechanism within the EU.
Patrick Hansen, director of the Berlin-based DeFi company Unstoppable Finance, has passed the European Parliament’s bill. 24 votes to 32 votes refusing to take told.
Therefore, in the adopted version of MiCA, there is no direct or indirect ban on PoW mining. But by law, cryptocurrency mining By January of 2025 until still “sustainable” If not, European companies and governments may withdraw their support.
Members of the European Parliament to veto a law 10% off Even if they are part, it is enough. In this way, they can veto the law that cryptocurrencies operating with the PoW mechanism will not be banned, but according to many commentators, this will not change the result and will cause the MiCA to be postponed again.