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Bitcoin, proof-of-work ban removed from European Union’s MiCA

Bitcoin, proof-of-work ban removed from European Union’s MiCA

The European Parliament member in charge of spearheading the bill known as the Markets in Crypto Assets (MiCA) legislation, Stefan Berger, confirmed that the European parliament has scrapped wording from proposed legislation that would have banned cryptocurrencies that rely on the proof-of-work (PoW) consensus mechanism, like Bitcoin.

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