ECON Rejects Proof-of-Work Ban
<p>The Committee on Economic and Monetary Affairs (ECON) voted against the proposed de-facto ban on proof-of-work (POW) based assets for companies in the European Union. Instead, the alternative proposal by European Parliament member Stefan Berger receives support.</p>
<p>According to Patrick Hansen, head of strategy at Unstoppable Finance, the rejection of the ban is a big relief and political success for the crypto community in the European Union. </p>

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