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European Parliament postpones crypto bill vote over proof-of-work

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Cryptocurrency39 minutes ago (Feb 27, 2022 05:00PM ET)

European Parliament postpones crypto bill vote over proof-of-work

The parliament of the European Union is delaying a vote on a framework aimed at regulating cryptocurrencies amid concerns over proof-of-work mining.

In a Friday Twitter (NYSE:) thread, European Parliament economics committee member Stefan Berger said the government body had canceled a vote on the Markets in Crypto Assets, or MiCA, framework scheduled to take place on Monday. Berger said parliament needed to clarify “the question of proof-of-work” in discussions with stakeholders to ensure a proper legal framework, adding that some might misinterpret the proposal as a ban on crypto.

Continue Reading on Coin Telegraph

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