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EU Parliamentarians push to limit Bitcoin use over energy concerns

2022/02/24 12:06

According to CoinDesk, European Union (EU) lawmakers are preparing for inter-institutional discussions on proposed regulations for governing crypto assets, and may be set to ban energy-intensive cryptocurrencies like bitcoin.
The Markets in Crypto Assets (MiCA) regulatory package up for discussion includes a provision that could limit the use of the consensus mechanism known as proof-of-work (PoW) across the union’s 27 member states, according to a draft seen by CoinDesk.
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