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
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The European Union has published its new Data Act, a law proposal that aims to regulate the generation and handling of data by the actors that harness it. The act, in its large scope, touches on the... [[ This is a content summary only. Visit my website for full links,…
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