EU data act adopts smart contract kill switch regulations
The European Union (EU) is making progress on the European Data Act, despite facing criticism from the cryptocurrency community, as lawmakers have reached an agreement to proceed with the legislation. The E.U.’s Commissioner for Internal Markets, Thierry Breton, confirmed the deal in a June 27 tweet, describing it as a significant milestone in reshaping the digital landscape. The incorporation of reset options The introduction of new E.U. legislation has raised concerns among crypto proponents, as it is believed that the regulations could compel smart contract developers to incorporate reset options for transaction termination or interruption. Another deal! ⁰Tonight’s agreement on the #DataAct is a milestone in reshaping the digital space. Thanks to the swift work of the EP @delcastillop & the Council Presidency, we are on the way of a thriving data economy that is innovative & open — on our conditions. pic.twitter.com/vTWUU8xTx9 — Thierry Breton (@Thierr...