NEWS

European Parliament votes against bitcoin mining ban

The parliament’s economic and monetary affairs committee voted 30-23 to keep a provision out of the proposed Markets in Crypto Assets (MiCA) framework that required all cryptocurrencies to be subject to the EU’s “minimum environmental sustainability standards with respect to their consensus mechanism.”

While rejecting the provision, the committee agreed to ask the EC to include crypto-assets mining in the EU taxonomy for sustainable activities by 2025 to reduce its carbon footprint.

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