If PoW algorithm is banned how will BTC thrive? Is that even possible to begin with because the only crypto project that will die PoW is BTC so why is EU securities regulator trying to place ban on PoW algorithm?
They are probably thinking like Elon. Maybe, they are thinking of how power is used just to mine these cryptocurrency using POW. They aren't looking at the bigger picture at how these POW coins are generally using cheaper and sustainable energy rather than coals. This possible banning will not work and will surely fail in the end.