by aria-ratings.com
June 5, 2025 at 12:23
EU Regulations Threaten Bitcoin's Future Amid GDPR Conflict
A pressing situation unfolds in Europe that may profoundly impact Bitcoin's status.
The European Data Protection Board (EDPB) is proposing guidelines that could classify Bitcoin's public keys as personal data.
If implemented, this interpretation would subject Bitcoin transactions to the General Data Protection Regulation (GDPR), creating a fundamental conflict with the cryptocurrency's immutable nature.
Critics, including Alexandre Stachtchenko from Paymium, argue that these guidelines demand impossible compliance, as blockchain technology lacks the means for data deletion.
This clash of legal frameworks pitting GDPR against Anti-Money Laundering (AML) regulations complicates Bitcoin's lawful use.
Anonymous transactions, often considered money laundering, create a challenging regulatory environment for Bitcoin users within the EU.
The EDPB consultation is open until June 9, 2025, prompting industry experts to voice their concerns on the proposed rules.
Should the draft guidelines be approved as is, Bitcoin's operation could be deemed illegal across Europe.
The potential implications of this regulatory move leave many users facing considerable legal uncertainty.
Thus, stakeholders are urged to participate in the consultation process to safeguard the future of Bitcoin in Europe.
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