The European Parliament voted against the PoW ban

The Economic and Monetary Affairs Committee of the European Parliament voted against one version of the Regulation on Markets in Crypto Assets _MiCA_ act by 30 votes to 23, with 6 abstentions. The bill aims to prohibit cryptocurrencies using the POW _proof of work based_ mechanism from circulating in the EU. The rejection of this version is a great comfort to the crypto industry. Representatives of the crypto industry had previously expressed dissatisfaction with the tough regulatory plan.