Everyone is focussing on the negatives but I think this is a big win for US based startup companies.
This is through a program called Privacy Shield. For years Privacy Shield was allowed in the EU. It requires registering with theUS Gov't and having certain standards in place. It's not as strict as GDPR but it is still something.
This does have implications for big tech as well but big tech could have always afforded to jump through hoops for Europe using loop holes and subsidiaries. This levels the fiend a bit.
This is through a program called Privacy Shield. For years Privacy Shield was allowed in the EU. It requires registering with theUS Gov't and having certain standards in place. It's not as strict as GDPR but it is still something.
This does have implications for big tech as well but big tech could have always afforded to jump through hoops for Europe using loop holes and subsidiaries. This levels the fiend a bit.