- Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower.
- The move comes after an earlier attempt to prohibit PoW mining through the upcoming Markets in Crypto Assets (MiCA) regulatory framework.
- The controversial provision was eventually dropped from the latest draft of the legislation but other texts oblige service asset providers to disclose the energy consumption and environmental impact of the assets they work with.
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
