CryptoMediaClub
Sunday, October 26, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

European Blockchain Sector Pushes To Avert Rules Affecting Smart Contracts

08.05.2023
A A
0
130
VIEWS
ShareShare

European Blockchain Sector Pushes To Avert Rules Affecting Smart Contracts

  • Negotiations on the European Data Act are expected to wrap up by the end of June.
  • Further discussion will be at the future dialogue meeting on May 23.

The European blockchain sector is preparing to make a last push to avert rules that would kill the smart contracts underlying the decentralized finance (DeFi) protocols that European authorities have been striving to introduce.

Moreover, negotiations on the European Data Act, which aim to control data transferred between smart devices utilizing IoT networks, are expected to wrap up by the end of June. The DeFi industry as a whole is concerned about the lack of transparency in the rules governing the underlying smart contracts.

DeFi proponents, such as the European Crypto Initiative, have urged politicians to address the concerns of broader blockchain developers who may be affected by the Data Act’s reach. According to the European Crypto Initiative, this kind of fallout might be fatal for DeFi.

Marina Markezic, executive director of the European Crypto Initiative, stated:

“The worst-case scenario is whether we would even be able to use public blockchains for using smart contracts while complying with the Data Act requirements. Europe shouldn’t shoot itself in the foot by inadvertently damaging innovation and technological development in the broader blockchain industry”.

All Eyes on Next Meeting

Concerns within the industry about the upcoming discussions may be addressed by legislators next week. The disputed article on smart contract legislation is technology-neutral, according to a European Commission official.

According to the spokesman, it sets high-level requisites for smart contracts. Regardless of whether the contracts are stored in a blockchain or a more conventional database.

However, the Data Act is being seen differently by the three European institutions involved in the negotiations. The problem with the Data Act wording will be discussed at the future dialogue meeting on May 23.

Recommended For You:

Layer-1 Blockchain Network Sui Allures Web3 Game Developers

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Stats Reveal Accelerated ETH Burn Rate Caused by Meme Coin Pumps

Stats Reveal Accelerated ETH Burn Rate Caused by Meme Coin Pumps

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Thailand Authorities Nab 5 Individuals for $76 Million Crypto Scam: Report

2 years ago
StanChart predicts corporates will control 10% of Ethereum supply over time

StanChart predicts corporates will control 10% of Ethereum supply over time

3 months ago
Fordefi Raises $10 Million from Electric Capital, Paxos to Make Retail Wallets Safer

Fordefi Raises $10 Million from Electric Capital, Paxos to Make Retail Wallets Safer

2 years ago

Crypto Markets Add $30B Daily as Bitcoin Price Soars Above $27K (Market Watch)

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

SpaceX Moves $133 Million in Bitcoin Across Wallets, Arkham Data Shows

Trump Poised to Nominate Michael Selig as Next CFTC Chair: Bloomberg

Bitcoin Price Prediction: Q4 Rally at Risk as Massive Long Liquidations Drive BTC Below Key Support

Ethereum Price Prediction: Market Cap Resistance at $3,930 – What’s the Key Catalyst?

Trending

Fed Rate Cut Odds Jump to 97% as CPI Comes in Cool at 3% – Bullish for BTC?
All news

Fed Rate Cut Odds Jump to 97% as CPI Comes in Cool at 3% – Bullish for BTC?

26.10.2025
0

The United States Consumer Price Index (CPI) rose to 3.0% year-over-year in September, coming in below economists’...

World Still Not Off the Hook: Thai SEC Raids Iris Scanning Hub Over WLD Token Breach

World Still Not Off the Hook: Thai SEC Raids Iris Scanning Hub Over WLD Token Breach

26.10.2025
Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO

Bitcoin Set to Explode to $180K as Global Money Floods In: VanEck CEO

26.10.2025
Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

Snorter Bot Token Burns Half of Supply in Boost For Presale Buyers, 3 Days Before Launch

26.10.2025
Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

Rumble to Launch Bitcoin Tipping for 51 Million Users in Partnership With Tether

26.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz