The European Union Delivers Great News to Crypto Fans and Investors

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The Street

By Rob Lenihan A controversial proposal is removed from the EU’s crypto assets frame work. The cryptocurrency community hailed a decision by a European Union committee rejecting a proposal that could have led to a ban on energy-intensive form of mining. The European Parliament’s economic and monetary affairs committee passed the proposed Markets in Crypto Assets (MiCA) framework, the EU’s legislation for governing digital assets. ‘More than a win for crypto’The committee turned down a last-minute addition to the bill that sought to limit the use of cryptocurrencies that use the proof-of-work m…

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