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I’m sorry, but blind trust in the benevolence of regulators in a country you’re not even a citizen of is no way to run a business. I don’t blame US companies un
by jdminhbg 8y ago
I’m sorry, but blind trust in the benevolence of regulators in a country you’re not even a citizen of is no way to run a business. I don’t blame US companies unwilling to deal with GDPR uncertainty any more than I blame EU banks unwilling to deal with American customers because of our insane FATCA regulations.
- guitarbill 8y agoI'm pretty sure even in the US, sentences for breaking the law vary depending on the case. And what's the point living in civilisation if you can't trust the judiciary? There are options to appeal, so you're not at the mercy of one regulator/judge/<x>. Europe and the GDPR are no different. EU banks not dealing with Americans/FATCA is simply down to it not being worth the effort. Luckily, the GDPR wasn't written in such an absolute way. It doesn't apply to non-EU companies doing business outside the EU, even if they might get the occasional European using their services (unless they specifically go after EU subjects). For example, a Japanese company selling specialty arcade joysticks and I, as a UK resident buy one using yen, not pound sterling. Even though they might ship to the UK, as they ship to loads of places, they aren't doing business in the Union, and they don't have to follow the GDPR.