The European Parliament has voted against banning proof-of-work-based assets for companies in the EU
The proposal was set to crack down on energy intensive digital coins.
It would have seen coins like Bitcoin banned in Europe, but the vote failed to win approval.
A parliamentary committee conducted the vote at a time when the bloc continues to push ahead with regulation of the fast-growing sector.
Officials voted on a final draft of the ‘Markets in Crypto-Assets’ legislation on Monday.
That legislation includes a new clause to make crypto more environmentally sustainable.
