News with the tag "data act"

The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law.

The EU Parliament has given its nod to the landmark Data Act, positioning the EU at the forefront of digital innovation. With 481 votes to 31, the act is poised to revolutionize how data is shared across the bloc, according to a press release. At the heart of the debate is a stipulation with far-rea...

EU lawmakers have reached a political consensus on the Data Act that has a “kill switch” for smart contracts, causing an uproar in the crypto community.