Blockchain Industry Groups Demand Modifications to EU ‘Data Law’
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Request for clarification of the scope of the “data law” Crypto asset (virtual currency) industry groups such as the European Blockchain Association submitted a letter to the EU Commission on the 15th. He proposed amendments to the “Data Law,” which has pointed out the risk of unintended regulation of smart contracts. Industry groups advocate “technological neutrality,” the proper enforcement of regulations, regardless of the technology used. Current texts may inappropriately restrict the use of smart contracts based on public or permissionless blockchains, creating regulatory uncertainty for smart contracts already deployed. Therefore, there is a need to further clarify the text
Key Highlights The U.S. state of Alabama grants DAOs legal status, giving members limited liability and a clear framework to operate. The DUNA Act allows DAOs to sign contracts, hold assets, and function like recognized legal entities. The move signals growing state-level support for blockchain governance and decentralized organizations. Alabama…
The digital landscape continues to evolve at rapid speed, and one of the most talked-about innovations is blockchain technology. Blockchain technology underpins cryptocurrencies like Bitcoin and Ethereum, it powers smart contracts, and it disrupts traditional industries including finance, healthcare, and supply chain management. It is becoming more and more crucial…