EU Parliament Scraps Proof-of-Work Ban Following Backlash: Report
The language had sparked enough of an outcry that a Monday vote on the bill's passage was indefinitely delayed.
German crypto news outlet BTC-ECHO reported a new version of the Markets in Crypto Assets (MiCA) legislation removes controversial wording that would have banned cryptos like bitcoin that rely on the proof-of- work blockchain-based algorithm.
- CoinDesk reported last week that European Union parliamentarians had proposed rules to prohibit crypto services reliant on environmentally unsustainable consensus mechanisms like proof-of-work starting in January 2025. CoinDesk later reported the parliament had indefinitely postponed the Feb. 28 vote after the proposal sparked a sizable outcry.
- "It is crucial for me that the MiCA report is not interpreted as a de facto ban on bitcoin," Stefan Berger, the member of the European parliament in charge of shepherding through the legislation, told CoinDesk at the time.
- On Tuesday Berger confirmed to the BTC-ECHO that the language banning proof-of-work had been eliminated.
- The deletion should presumably allow for a vote on the bill to go forward. For now, Berger says talks have resumed, but no date has been set.
Richtig ist: Der Paragraph ist nicht mehr im Text. Der Bericht muss erst noch im Ausschuss abgestimmt werden. Bei dieser Abstimmung sehen wir dann, wo die Mehrheiten liegen. Die Entscheidung ist noch nicht gefallen.
— Stefan Berger (@DrStefanBerger) March 1, 2022
UPDATE (March 1, 2022, 21:15 UTC): Adds a statement.
More For You
需要了解的:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mehr für Sie
Canadian Province Wins Forfeiture of $1M QuadrigaCX Co-Founder's Cash, Gold via Default Judgment
The ruling transfers cash, gold bars, watches, and jewelry seized from a CIBC safety deposit box and bank account into government hands after Patryn did not defend the case.
Was Sie wissen sollten:
- The Supreme Court of British Columbia has forfeited $1 million in cash and gold tied to QuadrigaCX's co-founder, Michael Patryn, to the government.
- Patryn did not contest the forfeiture, which involved 45 gold bars, luxury watches, and over $250,000 in cash seized under an Unexplained Wealth Order.
- The forfeiture may lead to a process determining if any assets can be directed to QuadrigaCX's creditors, who received 13 cents on the dollar in the bankruptcy settlement.
