Monday, May 20, 2024

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

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

In a Friday Twitter (NYSE:) thread, European Parliament economics committee member Stefan Berger mentioned the federal government physique had canceled a vote on the Markets in Crypto Belongings, or MiCA, framework scheduled to happen on Monday. Berger mentioned parliament wanted to make clear “the query of proof-of-work” in discussions with stakeholders to make sure a correct authorized framework, including that some may misread the proposal as a ban on crypto.