Activities of Daniel DALTON related to 2018/2085(INI)
Shadow opinions (1)
OPINION on blockchain: a forward-looking trade policy
Amendments (4)
Amendment 8 #
Draft opinion
Paragraph 1
Paragraph 1
1. Underlines that blockchain represents a new paradigm of data storage and management, the rise of which poses both challenges and opportunities in terms of data protection and transparency, and exponentially incthat private blockchain preases the risks of money laundering, the capture of the financial system by organised crime and the financing of terrorismnts potential solutions to money laundering by providing a record of transactions;
Amendment 14 #
Draft opinion
Paragraph 3
Paragraph 3
3. Underlines that, if adequately designed, blockchains can share the goal of the General Data Protection Regulation by giving data subjects more control over his/her data; recalls, however, that the possible clash between the protection of fundamental rights and the promotion of innovation has to be addressed; notes that blockchain allows for pseudonymisation procedures to ensure the secure data storage of personal information in line with obligations set out in the General Data Protection Regulation; recalls, however, that the General Data Protection Regulation may not be fully compatible with recent technological developments and that regulatory flexibility is required to enable and reap the potentially revolutionary benefits of digital innovation;
Amendment 33 #
Draft opinion
Paragraph 5
Paragraph 5
Amendment 36 #
Draft opinion
Paragraph 5
Paragraph 5
5. Stresses the need to consider the implications, both positive and negative, of blockchain technology in view of the goals of Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing1 , which brings; however makes clear the distinction between public blockchains, which can include providers of exchange services between virtual and fiat currencies, as well as custodian wallet providers, within its scope; notes that this Directive extends the EU’s regulatory reach to prevent criminal organisations from exploiting the anonymity of virtual currency-based transactions, and to improve national regulators’ monitohich fall under the scope of Directive (EU) 2018/843 of the European Parliament and of the Council of 30 May 2018 on the prevention of the use of the financial system for the purposes of money laundering ofr the users of virtual currencies, for whom blockchain may be an enabling technologyerrorist financings cope, and private blockchains, which do not. _________________ 1 OJ L 156, 19.6.2018, p. 43.