The EU’s MiCA bill has moved on to the next stage of negotiation without the provision trying to restrict the Proof of Work model.
A controversial provision restricting the use of crypto assets using the Proof of Work model, such as Bitcoin, emerged from the EU’s Markets in Crypto Assets (MiCA) legislative package to regulate cryptoassets. The package moves to the next negotiation stage without the item in question.
As we have mentioned before, the verdict was rejected in the vote on 14 March.
Authorities are also discussing a number of issues, such as the inclusion of NFTs and DeFi in the package, as well as which EU institutions should be given control over crypto.
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