EU's crypto regulation MiCA voting has started, with results expected to be announced between 24:00 tonight and 1:00 AM tomorrow.
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EU's crypto regulation MiCA voting has started, with results expected to be announced between 24:00 tonight and 1:00 AM tomorrow.
EU crypto regulation MiCA voting has started, with results expected to be announced between 24:00 tonight and 1:00 AM tomorrow.
Navigating Web3 tides with focused insightsTechFlow reports, according to Patrick Hansen, Head of Strategy and Business Development at Unstoppable Finance, the Economic Committee of the European Parliament has begun voting on a draft framework of the MiCA regulation that proposes banning proof-of-work cryptocurrencies. The results are expected to be announced around 5:00–6:00 PM Central European Time (12:00 AM–1:00 AM Beijing Time, March 14–15). Previously, it was reported that a clause aiming to force proof-of-work cryptocurrencies such as Bitcoin to transition to more environmentally friendly proof-of-stake (POS) consensus mechanisms had been included in the MiCA draft. If passed, the draft could ban cryptocurrency services using POW consensus mechanisms starting from January 2025.
