Today cryptocurrency investors’ eyes were on the news from the European Parliament.
Patrick Hansen, director of DeFi platform Unstoppable Finance, said that the item voted by the European Parliament that would ban cryptocurrencies using Pow, such as Bitcoin, did not pass the committee.
According to Hansen’s post, the objectionable article received 24 Yes 32 Negative votes.
BREAKING: The ECON committee of the EU Parliament just voted against the de-facto POW-ban: 32 against, 24 in favor.
Big relief & political success for the bitcoin & crypto community in the EU💪💪
Will share a breakdown of the vote and what’s next here in this thread. #Bitcoin
— Patrick Hansen (@paddi_hansen) March 14, 2022
Patrick Hansen stated that his sources are directly from the European Parliament and that the official announcement will be made soon.
What Happened?
Last month, the European Parliament of bitcoin The bill, which allows it to ban cryptocurrencies working with the Proof of Work mechanism, including the company, was on the agenda like a bomb.
The EU Committee announced that the Pow ban was lifted after the reactions.
However, shortly before the vote, it was seen that the Pow ban was re-added to the text with different expressions.
With today’s vote, the risk of cryptocurrencies such as Bitcoin and Ethereum being banned in the EU has been eliminated for now.
Don’t forget to follow us on Twitter for last minute developments.
#Last minute EU Parliament rejected articles banning Pow.#Bitcoin
— Bitcoin System (@bitcoinsystem) March 14, 2022