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The Data Act was first proposed in early 2022 and passed by the European Parliament on March 14. European Union (EU) lawmakers have reached an agreement to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The deal was confirmed by the EU’s Commissioner for Internal Markets, Thierry Breton, in a tweet calling it a “milestone in reshaping the digital space.” Another deal! ⁰Tonight’s agreement on the #DataAct is a milestone in reshaping the digital space. Thanks to the swift work of the EP @delcastillop & the Council Presidency, we are on the way of a thriving data economy that is innovative & open — on our conditions. pic.twitter.com/vTWUU8xTx9 — Thierry Breton (@ThierryBreton) June 27, 2023 The European Parliament passed the Data Act on March 14, but negotiations among EU lawmakers on the bill’s final version have been ongoing. The act is focused on the fair use of industrial data and removing barri...

EU Adopts MiCA To Regulate Crypto The MiCA , which has already been adopted by the member states of the EU and the European parliament, stipulates that cryptocurrency businesses must obtain authorization from the EU in order to serve consumers located within the bloc, and they must also comply with protections designed to prevent money laundering (AML) and the financing of extremist organizations. advertisement Read More: Leading Crypto Exchange Lists Shiba Inu’s BONE And BABYDOGE Along with the ratification of MiCA by the EU parliament, two further pieces of legislation, including rules on information accompanying transfers of funds and specific crypto-assets, were also approved at the same time. The Council has just adopted the first-ever EU rules on markets in crypto-assets and services. Trending Stories Cardano Price Analysis Signal Multiple Signs of Bullish Recovery; Will ADA Hit $0.5 Before May End? 24/7 C...