Legislative language that appeared poised to bar proof-of-work tokens from the EU is gone from a bill that is set for votes in coming weeks.
In news that BTC-Echo broke and European MP Stefan Berger confirmed on March 1, the latest version of the EU's "Markets in Crypto-Assets" or MiCA directive has been stripped of a passage that many feared would lead to a ban on cryptocurrencies that use proof-of-work namely, Bitcoin.
The rapporteur for the legislation as the head of the ECON Committee, Berger last week delayed votes that he had scheduled for February 28 in response to outcry over the offending language. Today, in announcing that the paragraph in question had been removed, he also said that the committee still needed to vote on the provision.
