"European Regulators Propose Blockchain History Obliteration for Enhanced Personal Data Privacy"
Modernized Article:
- Headline: EU Regulators Crack Down on Blockchain & GDPR: What this Means for Ethereum, Web3, and Public Blockchains
- Date: April 29, 2025
- Topics: Blockchain, GDPR, Ethereum, Web3, Public Blockchains
European Union (EU) regulators have set new guidelines for the processing of personal data using blockchain technology, challenging the future of public blockchains like Ethereum.
In a report by the European Data Protection Board (EDPB), it's stated that to comply with the EU's General Data Protection Regulation (GDPR) remedies may be necessary when evaluating how blockchains record data. Questions should be addressed regarding the necessity of blockchain use, data types, technical & organizational measures, and the impact on GDPR-compliant data erasure.
The EDPB clarifies that blockchains aren't exempt from GDPR and may require entire networks to be deleted if personal data isn't accounted for during the original network creation. With data deletion posing challenges, custom solutions or architecture might be required.
Ethereum Foundation's special projects lead, James Smith, contends these new guidelines pose a threat to the existence of public blockchains. In a LinkedIn post, Smith expresses concern that without pushback, decentralized technology may face a regulatory framework that "fundamentally misunderstands" its nature.
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The Daily Hodl, covering the future of finance, brings you the latest updates on macro, bitcoin, ethereum, crypto, and web3.
- The European Data Protection Board (EDPB) released a report indicating potential remedies may be necessary for public blockchains like Ethereum to comply with the EU's General Data Protection Regulation (GDPR), as it questions the necessity, data types, technical measures, and impact on GDPR-compliant data erasure in blockchain usage.
- In response to these new guidelines, Ethereum Foundation's special projects lead, James Smith, expressed concern in a LinkedIn post that without pushback, decentralized technology might face a regulatory framework that "fundamentally misunderstands" its nature, potentially posing a threat to the existence of public blockchains.
- As part of the coverage of the future of finance, The Daily Hodl provides daily news, updates, and analysis on cryptocurrencies, altcoins, Bitcoin, Ethereum, finance, technology, and more. To stay updated, users can follow The Daily Hodl on X, Facebook, and Telegram or sign up for email alerts.
- In a disclaimer, The Daily Hodl emphasized that the opinions expressed in their articles are not financial advice, and investors should conduct their due diligence before making any high-risk investments in cryptocurrencies.
- Amidst the ongoing crypto news, there is a bearish macro outlook for Bitcoin and Ethereum, with analysts predicting a final bullish move before a strong reversal downwards for Bitcoin and a bearish trend for Ethereum, according to recent reports.
