TechFlow news — On March 14, Patrick Hansen, Head of Strategy and Business Development at Unstoppable Finance, tweeted that the European Parliament's Economic Committee voted on a proposed ban on Proof-of-Work (PoW) mining, with 32 votes against and 24 in favor. This means crypto mining will likely no longer be addressed within the Markets in Crypto-Assets (MiCA) regulation, but instead added to the EU’s sustainable finance taxonomy. Hansen noted that MiCA regulates financial instruments and service providers, so it makes more sense to separately address sustainability concerns related to mining technologies. Next, the MiCA draft will undergo negotiations among the European Commission, Parliament, and Council. After they finally reach an agreement—expected in several months—the law will take effect, giving companies a six-month transition period to comply with the new requirements.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
