What do the new rules mean for the crypto space?

The path to cross-border data regulation is clear. In November, the EU Parliament passed the Data Act, and it came into force on January 11th – Europe’s information highways are getting a toll solution. Consumers, businesses and finally: competitiveness should be beneficiaries of the regulation that comes into force in September 2025. However, the gaps that the Data Act closes leave some uncertainty elsewhere. Also in the crypto sector, where there are concerns about stricter requirements for smart contracts in the future.

What preparations should not only blockchain companies make? Where are loopholes already emerging today? And what speaks for an emergency brake for smart contracts? Attorney Christopher Götz classifies the most important questions in an interview with BTC-ECHO. The EU Parliament has submitted that it is now companies’ turn, says the IT law expert, who urgently recommends companies, especially manufacturers of networked products, to adapt to the Data Act at an early stage.