News

The European Commission aims for more control over smart contracts in new Data Act

2022/02/26 00:59

According to The Block, the European Commission has released its proposal for the union's new Data Act, with some concerning fine print for the future of smart contracts. The draft legislation identifies smart contracts as: "Computer programs on electronic ledgers that execute and settle transactions based on pre-determined conditions. They have the potential to provide data holders and data recipients with guarantees that conditions for sharing data are respected." Article 30 as currently written would mandate that applications using smart contracts include a kill switch.
bullishbullishbullish4bearishbearishbearish1LikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

  • Image

    Analysis of the progress of the Fed's digital dollar in the COVID-19 epidemic

  • Image

    Marshall Islands officially recognizes DAOs as legal entities

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry

  • Image

    Analysis of the progress of the Fed's digital dollar in the COVID-19 epidemic

  • Image

    Marshall Islands officially recognizes DAOs as legal entities