European Union Reportedly Votes Against Banning Proof of Work Cryptocurrencies

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European Union Reportedly Votes Against Banning Proof of Work Cryptocurrencies
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The European Union has voted against the proposition to ban proof of work cryptocurrencies on its territory.

After weeks of debates and delays, the EU has voted against banning the use and mining of proof of work digital assets, such as bitcoin and ether.reported earlier the Markets in Crypto Assets framework developed by the European Union, which had one rather threatening note that sought the de facto ban of PoW cryptocurrencies.the draft, saying it could become a trillion-dollar mistake.

However, as crypto commentators pointed out, those voting in favor of the ban still have a chance. Nevertheless, there were reportedly enhanced discussions about the types of regulations still needed to be incorporated on mining and the entire crypto industry.

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