Degen

Alexandre Stachtchenko, chief strategy officer at French company Paymium, has warned that Bitcoin (BTC) will be outlawed in Europe if the current version of the European Data Protection Board’s (EDPB) guidelines on the processing of personal data via blockchain technology is adopted.

According to the current draft, the EDPB considers public keys to be personal data that may need to be deleted under certain circumstances. The problem is that blockchain data is immutable and cannot be technically deleted or modified.

The EDPB guidelines emphasize that data protection principles are non-negotiable and that technical impossibility cannot be used to justify non-compliance with GDPR requirements. The body even stated that if precise deletion of data is not possible, it may be necessary to delete the entire blockchain.

This conflict of laws could have a direct impact on the Bitcoin rate, as Europe is considered one of the most important markets for cryptocurrencies.