Thibault Schrepel on the EU Kill Switch
Coindesk
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Coindesk – ICLE Academic Affiliate Thibault Schrepel was quoted by Coindesk in a story about the EU Data Act’s “kill switches” for smart contracts. You can read full piece here.
“Article 30, as currently drafted, goes a step too far in addressing the issues raised by immutability,” Thibault Schrepel, an associate professor at VU Amsterdam University, tweeted ahead of the vote. “It endangers smart contracts to an extent that no one can predict.”
Schrepel, a specialist in blockchain legal issues, believes that the legal text is unclear about who in practice would have to hit the kill switch on a smart contract and that it interferes with the fundamental principle that the automated programs can’t be altered by anyone.