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Suppose that there was a crypto-currency exchange with no assets or presence in the EU. Moreover, their TOS says "no EU residents" AND they IP-block EU IP addr
by anamax 5y ago
Suppose that there was a crypto-currency exchange with no assets or presence in the EU. Moreover, their TOS says "no EU residents" AND they IP-block EU IP addresses.
Some/many EU residents rent servers from AWS to do crypto-trading on this exchange. These servers are physically located outside the EU. These same residents also access the exchange's website using a VPN that says that that they're outside the EU.
[1] Is this exchange subject to the GPDR wrt said EU residents?
[2] Does this exchange subject to tax-reporting requirements of the various EU countries?
- anoncake 5y agoProbably not, unless pointlessly blocking EU residents is considered "targeting". > Provided your company doesn't specifically target its services at individuals in the EU, it is not subject to the rules of the GDPR. https://ec.europa.eu/info/law/law-topic/data-protection/reform/rules-business-and-organisations/application-regulation/who-does-data-protection-law-apply_en https://ec.europa.eu/info/law/law-topic/data-protection/refo...