Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley.
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Crypto mining rigs in Cluj-Napoca, Romania.
Emily Nicolle and
A proposal that would have effectively banned the mining and transactions of energy-intensive cryptocurrencies such as Bitcoin in the European Union failed to win approval by a parliamentary committee, as the bloc pushes ahead with regulation of the fast-growing sector.
The EU’s Economic and Monetary Affairs Committee voted on a final draft of the Markets in Crypto-assets (MiCA) legislation on Monday, which included a clause pledging to make cryptoassets traded or issued within the bloc “subject to minimum environmental sustainability standards.” A final tally of the committee’s voting showed the proposed clause was defeated with 23 votes in favor, 30 against and six abstentions.