EU Parliament Won’t Outlaw PoW Crypto Mining

The EU Parliament’s committee on economic and monetary affairs voted on Monday to move forward with a legislative framework for regulating digital assets. In the process, it decided to drop a proposed rule in the framework that would have prohibited people in the EU from using an energy-hungry process — known as Proof of Work (PoW) mining — to generate cryptocurrencies, which would have effectively banned both Bitcoin and Ether. Crypto is safe for now, but the EU’s regulatory intentions are clear.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



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