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โšก๏ธ๐Ÿšจ๐Ÿ‡ช๐Ÿ‡บ NEW - Major Crypto Alert in Europe โ€” Share Widely!

The new guidelines from the European Data Protection Board (EDPB) could potentially kill public blockchains.

According to the text, which is based on GDPR principles, any โ€œpersonal dataโ€ must be removable from the blockchain.

๐Ÿ‘‰ If thatโ€™s not possible, the entire blockchain should be deleted.

If enforced, this would mark the end of public blockchains in Europe.

โ€œItโ€™s like asking to delete the Internet in order to enforce privacy,โ€ says Marina Markezic.

โ€œThe Internet would have never survived under these rulesโ€.

The draft proposes that:

๐Ÿ‘‰ Wallet addresses are considered personal data, even if encrypted.

๐Ÿ‘‰ Validators must comply with GDPR requirements.

๐Ÿ‘‰ Smart contracts face risks of non-compliance.

This regulation threatens years of blockchain innovation in Europe, and could push talent, jobs, and investments out of the EU โ€” just as the US is ramping up to become a global crypto leader.

In response, the European Crypto Initiative has called for:

๐Ÿ‘‰ A coordinated response to the EDPB draft.

๐Ÿ‘‰ Advocacy for privacy-enhancing technologies (ZKPs, PETs).

๐Ÿ‘‰ Direct engagement with EU policymakers.

The deadline to submit public feedback to the EDPB consultation is June 30, 2025.

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Ferris Bueller 8mo ago

NGMI

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