CryptoUK Issues Response to EU Vote on Markets In Crypto Assets Bill

CryptoUK, an independent crypto industry association aimed at forming a cohesive voice for the UK’s cryptoasset sector, has issued a formal response regarding the European Parliament’s recent vote on the controversial MiCA (Markets in Crypto Assets) bill, which saw no explicity ban on proof-of-work blockchains, at least temporarily. According to Ian Taylor, Executive Director at CryptoUK, while the proof-of-work amendment was voted down by the EU, this decision is expected to be “likely short-lived.