Blockchain could be illegal in the European Union.

[Irvinn]

The new rules of the European Union are aimed at strengthening the protection of personal data of citizens and have nothing to do with blockchein and, even more so, the possibility of its prohibition. You misunderstand these rules. In general, these rules are very good, now it is unlikely that any ICO team registered in the European Union will be able to require the participants of the generosity campaign to pass the KYC test.
In addition, a few days ago, representatives of the European Union adopted new rules aimed at the full adoption of blockchein technology.

[KorakPawon]

which is most likely to affect the release of bitcoin tax in Europe. For legitimate taxpayers, Bitcoin income can be expressed at current rates in most places, and it is advisable to note Bitcoin transactions and vice versa, subject to tax laws in certain jurisdictions. In countries where Bitcoin is illegal, taxation is usually not considered in law as it should be prohibited.

[t2yax]

Blockchain for now is not that kind of legal thing. We know why blockchain is not yet legal, bitcoin is not yet legal too. Thiskind of scenario is a vice versa thing. We cannot legalized blockchain if bitcoin is not yet legal too. We can say that bitcoin and blockchain would be legal, but we cannot say when will be the best time to legalized the two.

[Vektrum]

EU new regulation on data, which will come into effect in May is based on “The right to be forgotten”, i.e. the right to demand that personal data is modified of deleted. On the other hand, data on blockchains is unchangeable in practice. It is one of its main characteristics, which makes it so reliable.

Many companies have been developing blockchain-related projects, but as sanctions on the new law will be up to €20 million it is expected that those companies abandon such projects.

It seems this won’t affect bitcoin and cryptos, as the law only applies to companies, and blockchain in these cases is held by individuals.

More info:

https://iapp.org/news/a/blockchain-technology-is-on-a-collision-course-with-eu-privacy-law/

https://en.wikipedia.org/wiki/Right_to_be_forgotten

Your conclusions about the fact that if the data in the blockchein block-chain are unchanged, and the European Union has adopted the norm in protection of the personal data of citizens who already have the right to demand the destruction of data about themselves, this will affect the blockchein technology so much that it can be banned , are not true. In the block-chain blockchein on contains information about the personal data of citizens, so this argument is incorrect. The European Union, on the contrary, is very positive about blockchein technology and is going to use it in its practice.

[Oceat]

Blockchain for now is not that kind of legal thing. We know why blockchain is not yet legal, bitcoin is not yet legal too. Thiskind of scenario is a vice versa thing. We cannot legalized blockchain if bitcoin is not yet legal too. We can say that bitcoin and blockchain would be legal, but we cannot say when will be the best time to legalized the two.

Why would a European Union disagree to blockchain since it is just only a ledger for every transactions of Bitcoin. Some of them manage to make a new blockchain for the type of token they wanted, they create their own in order to change something that any other blockchain has been done. They may not legalized Bitcoin but they should allow blockchain to be legal unless it is against to their rules, well i'm sure everyone would understand that situation.

[Tigorss]

Since the Paris attacks, digital currencies and the use of encryption have been targeted by authorities for allegedly being used for illegal activities. This document is considered a response to the attacks that have occurred, and the EU Commission wants monitoring of bank transfers across the EU region.

[Snaic]

This, in general, is a very good decision of the European Union. It is aimed at protecting citizens from the illegal and unauthorized use of their personal data by other people. It can not be said that such a decision will negatively affect the crypto currency or its blockchein technology. Blockchein does not contain personal data of citizens, therefore, fears for it have no real basis. In general, the countries of the European Union and its governing bodies are very positive about blockchein technology and intend to use it for the safe storage of their databases in other cases.

[Rugosa]

Sounds like this is going to impact the block based business a lot more than the extant chains. Although, knowing how the EU is, I could easily see them using this as precedence to start making a mess of things regarding all blockchain tech.

I doubt the people would stand for just getting their rights to moneys totally removed. But its really easy to strip people of their rights when you do it too slow to notice.

[audaciousbeing]

EU new regulation on data, which will come into effect in May is based on “The right to be forgotten”, i.e. the right to demand that personal data is modified of deleted. On the other hand, data on blockchains is unchangeable in practice. It is one of its main characteristics, which makes it so reliable.

Many companies have been developing blockchain-related projects, but as sanctions on the new law will be up to €20 million it is expected that those companies abandon such projects.

It seems this won’t affect bitcoin and cryptos, as the law only applies to companies, and blockchain in these cases is held by individuals.

More info:

https://iapp.org/news/a/blockchain-technology-is-on-a-collision-course-with-eu-privacy-law/

https://en.wikipedia.org/wiki/Right_to_be_forgotten

This is really another angle to look at things which is that despite the numerous advantages that blockchain technology offers, this particular issue of not been able to correct once it has been entered is something that calls for concern because as a machine, it will only bring out what is made as input into it and because humans are the ones responsible for such, there is bound to be error. I want to imagine the amount of issues that would be faced by the cashier in the store who made mistake in entering the amount of groceries and there is nothing that can be done about it. Or the old midwife who could not see clearly without her glasses had to enter a wrong date as date of birth of a future president and this could not be corrected, or a the final result of a student entered as the wrong grade that could not be corrected again.

While I am not against the development of blockchain and not totally supporting this new law, there is also more to be done to some concessions to legitimate errors that could happen in the course of using the technology.

[cryptojac17]

Sounds like this is going to impact the block based business a lot more than the extant chains. Although, knowing how the EU is, I could easily see them using this as precedence to start making a mess of things regarding all blockchain tech.

I doubt the people would stand for just getting their rights to moneys totally removed. But its really easy to strip people of their rights when you do it too slow to notice.

In a democratic country which  is  there is a free enterprise   we could not say bitcoin is illegal,  if tt the government  banned bitcoin  like   EU countries  it just like curtailing thier freedom and right to possess something which is not fully defind if it's illegal or not.