EU Implements Data Act to Empower Users and Regulate Big Tech
TL;DR Summary
The European Union (EU) has finalized the European Data Act, a controversial piece of legislation that includes provisions for smart contracts, including kill switches for safe termination. The act aims to promote the fair use of industrial data and remove barriers to data sharing. While the act has been praised for reshaping the digital space, it has drawn criticism from the crypto community, as some believe it may restrict innovation and compliance for smart contracts in the crypto industry.
- EU finalizes controversial smart contract kill switch rules under Data Act Cointelegraph
- EU advances rules that wrestle control of user data away from Big Tech The Verge
- EU law would let iCloud users transfer their data to rival platforms AppleInsider
- Europe Stock Markets: Consolidated Tape Gets a Fresh Push Bloomberg
- EU agreement gives users more control over data Bangkok Post
- View Full Coverage on Google News
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