The European Union (EU) regulators have proposed the Data Act, which is now in the process of trialogues. While the Data Act aims to modernize and harmonize the rules regarding data sharing rules across the EU, it also touches upon smart contracts. As part of this proposal, the regulators…
IMPLICATIONS FOR THE FUTURE OF INNOVATION IN EUROPE Europe is at a crucial point in setting down rules governing the use of innovative technologies such as AI, Blockchain and quantum computing, especially as it strives to bridge the gap with other jurisdictions that have more fully grasped the countless benefits…
This Annex serves as an additional explanation of some of the most crucial terms and concepts surrounding the design, features and circumstances of smart contract applications in connection to Article 30 of the Data Act. On Persons Responsible for Compliance with the Smart Contract Requirements It is common for…
As the world of cryptocurrencies and digital assets continues to evolve and gain traction, regulatory frameworks like the Markets in Crypto Assets (MiCA) proposal in the European Union have become pivotal in shaping the future landscape. It is crucial for industry stakeholders, investors, and consumers alike to understand the implications,…
EUCI is excited to announce our latest partnership with NEAR Protocol, a leading player in the Web3 and decentralised technology space. This collaboration is set to propel our mutual vision of fostering an open web, empowering individuals, businesses, and communities alike. With NEAR Protocol’s advanced Blockchain Operating System and EUCI’s…
With a broader focus on fairness in the digital environment, an aim to stimulate a competitive data market, open opportunities for data-driven innovation and data accessibility, as well as a significant emphasis on connected devices, the Data Act was not initially broadly thought of as possessing issues for the blockchain industry. Nonetheless, Article 30 of the Data Act outlines legal requirements for smart contracts in the context of data sharing. This phrasing naturally captures the interest of the Web3 and blockchain community, as it incorporates one of the most fundamental components of Distributed Ledger Technology (DLT).
MiCA Regulation On 5 October 2022, the Council of the European Union adopted the final text of the Markets in Crypto-assets Regulation (MiCA) framework, and on 7 October 2022, the MiCA bill was passed. Even though there is a wide agreement of MiCA being adopted and implemented urgently, it has…
EUCI convenes key EU and international stakeholders as it celebrates its first anniversary in Brussels BRUSSELS, December 8, 2022 – Today, the European Crypto Initiative (EUCI), regrouping experts in blockchain technology within the EU, holds its first-anniversary conference to discuss the future of crypto-assets in a context of fast economic…
The EU-wide advocacy organisation announces the support of the Ethereum Foundation, the Interchain Foundation and Maker DAO, among others. [Brussels, 10th of August 2022] The European Crypto Initiative (EUCI) – a European crypto advocacy organisation based in Brussels – has received financial support from important industry members. This support marks…
Our executive director Marina Markezic, President Simon Polrot and Vice President Florian Glatz will be speakers at Devcon VI in Bogota, addressing the influence of crypto regulation on open blockchains: opportunities and challenges. With the wider adoption, the use of open blockchains and dapps built on top of it is…