EU rejects ban on bitcoin mining

The section concerning the actual ban on the mining of cryptocurrencies using the PoW model is excluded from the draft law “OnCrypto Asset Markets (MiCA) by EU ECON.

The European Union abandons plans to introducea de facto ban on Bitcoin mining and related activities. By 1 January 2025, the European Parliament's Economic and Monetary Affairs Committee (EU ECON) must submit amendments to Regulation 2020/852 to the European Parliament and the Council.

The EU ECON Committee adopted an alternative amendment(34 against, 24 in favor), adding Bitcoin mining to the EU taxonomy of sustainable finance. This means that cryptocurrency mining using the Proof-of-Work (PoW) consensus model will no longer be restricted in the European Union.

“It seems that reason and common sense have prevailed.We must continue to uphold the principle of technological neutrality. Thanks to everyone who is trying to understand the revolution that is happening now. Europe must remain in global competition!”, — wrote on Twitter MP from Paris Pierre Person (Pierre Person).

Proposed to a vote of the European ParliamentThe de facto ban on the Proof-of-Work (PoW) consensus mechanism was part of the major Markets in Crypto-Assets (MiCA) bill introduced in 2020 to tighten regulation of Bitcoin and cryptocurrency mining under the Proof-of-Work consensus model.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Huobi	https://huobi.com	7.4
3	AAX	https://aax.com	7.2
4	Exmo	https://exmo.me	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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