EU Parliament has rejected a proposal to limit Proof-of-Work Mining

The EU voted today against adding a provision limiting Proof-of-Work (PoW) mining, this is a win for the crypto-industry.

Bitcoin, Ethereum, Dogecoin and Litecoin are some of the top cryptocurrencies that use PoW mining.

The provision was proposed to the latest draft bill called Markets in Crypto Assets otherwise known as (MiCA) that would have placed some restrictions on PoW mining if it was included.

The full draft bill can be read here:

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020PC0593