EU backs Data Act with clause to shut off smart contracts By Cointelegraph

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The European Parliament has voted to approve the Data Act — controversial legislation that includes a stipulation necessitating smart contracts have the ability to be terminated.

In a Nov. 9 press release, the parliament said the legislation passed 481 votes to 31 against. To become law, it will now need approval from the European Council — the heads of each of the 27 European Union member states.

Highlighted excerpt of the Data Act relating to smart contracts. Source: European Parliament