European Parliament Passes Smart Contracts Legislation Under Data Law That Doesn’t Explicitly Target the Crypto Sector

The European Parliament passed a piece of legislation under the Data Act with 500 votes in favor and 23 against, The Block reported on March 14. The legislation and its provisions on smart contracts do not explicitly target the crypto industry, but instead focus on data from connected devices or the Internet of Things. Still, some in the industry worry that this could limit innovation or make compliance with smart contracts in the crypto industry difficult.

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