EU's new kill switch for Crypto
The EU’s new ‘kill switch’ could be a risk for cryptocurrencies.
They’re planning to release regulations to protect consumers from rogue artificial intelligence.
Their new Data Act would include a ‘kill switch’ for autonomous self-activating code or smart contracts so that harmful blockchain-based algorithms could be stopped.
So that for instance we wouldn’t have an Ultron problem at some point like in the MCU.
Speaking of problems, please consider following this channel for an unlimited supply of the tech news.
Now this Data Act would directly impact crypto as it would basically allow a centralized authority to interfere with the blockchains.
Making crypto a lot less useful so if this legislation will go through I think some exceptions definitely need to be made.
0:00 Summary
0:44 Extra thoughts
Subscribe for more of the tech news (with an extra dose of me) :33
TikTok: https://www.tiktok.com/@domenstechnews
#tech
#technology #technews #news
-
0:44
DailyTechNews
1 year agoEU's new kill switch for Crypto
-
0:29
ATB
1 year agoUSA Will Kill Crypto - Here's How #crypto #bitcoin #cryptocurrency
-
7:33
The David Knight Show
1 year agoUS Gov't Determined To Kill Crypto
1.01K1 -
12:56
Mr. Crypto
1 year agoThis Will Kill CRYPTO In 2022
2 -
16:49
The Crypto Overnighter Podcast
1 year ago489:Feds to Investigate Silicon Valley Bank::EU’s Killswitch for Smart Contracts::WY Protects Keys
9 -
24:42
Coin Bureau
1 year agoCrypto's KILLER Use Case? Report You Have To SEE!!
1251 -
15:37
The Crypto Overnighter Podcast
1 year ago489:Feds to Investigate Silicon Valley Bank::EU’s Killswitch for Smart Contracts::WY Protects Keys
5 -
25:23
DeFiCryptoUniversity
1 year agoCrypto's KILLER Use Case? Report You Have To SEE!!
12 -
5:14
hankswank68
1 year agoSEC'S WAR ON CRYPTO HEATS UP WITH NEW ATTACK ON COINBASE, AFTER US REGULATORS SHUT CRYPTO BANKS
4894 -
9:50
Max Maher
2 years agoNew Crypto Laws Just Dropped (ouch)
8