Anti-PoW Bill

Members of the European Union parliament recently voted down a drafted bill that, if enforced, would affect miners of several digital assets. Bitcoin and Ethereum could be the biggest coins susceptible to the law. Legislation Poses Existential Threat to Virtual Assets Dubbed MiCA, the proposal in question featured a ban on protocols that make use of the proof-of-work consensus mechanism. The MiCA came to media attention last month, following EU's interest in a green finance industry. Directed against environmentally harmful…