Kaili: We understand that whoever owns or holds data now holds a lot of power and that you can generate great value from data, and this applies to the crypto space, too, as it generates transaction data. As part of the digital strategy, and parallel to MiCA, we are also working on the Digital Services Act, the Digital Markets Act and the Artificial Intelligence Act. For the first time, after several decades, we are using the internet to regulate the internet along with the access to data and the parties that are using this data. So I think that a well-regulated, data-driven financial sector also needs a well-regulated data economy. Data is now a commodity but many consumers do not understand exactly how it is a commodity. For example, consumers can consent to sharing their data while they can’t control how that data is being used.
First Mover Asia: Bitcoin Slumps to Below $48K Ahead of $6B Options Expiry – CoinDesk
