The post The EU Parliament Allows the Termination of Smart Contracts! appeared first on Coinpedia Fintech News

The European Parliament has passed the controversial Data Act, which includes a clause stating that smart contracts should be able to be terminated. The legislation outlines controls allowing for the reset or interruption of contracts. The Act would also give users access to data generated by their smart devices, with the European Commission stating that 80% of such data is never used. Critics of the Act have voiced concerns about the smart contract clause, highlighting that the definition is too broad and does not provide clear details on when interruptions or terminations should occur.

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