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Is Bitcoin GDPR compliant?

According to GDPR Individuals have the right to access their personal data and supplementary information (see Articles 12 and 15 and Recital 63). Bitcoin meets this requirement as content is fully traceable and you can access your personal data and supplementary information anytime.

How does GDPR affect blockchain?

For example, one of the biggest concerns of GDPR's impact on blockchain, is that the immutability of recorded transactions violates GDPR's \u201cright to be forgotten.\u201d Article 17(1) of GDPR clearly provides that a data subject has the \u201cright to be forgotten\u201d by demanding the erasure of his/her personal data upon the ...

Is ethereum GDPR compliant?

We collect, process, and use your personal data in accordance with this privacy policy and in compliance with the Swiss Federal Act on Data Protection (\u201cFADP\u201d), the Swiss Ordinance to the Federal Act on Data Protection (\u201cOFADP\u201d), and the General European Data Protection Regulation (\u201cGDPR\u201d).

Does blockchain support data privacy?

Blockchain transactions allow users to control their data through private and public keys, allowing them to own it. Third-party intermediaries are not allowed to misuse and obtain data. If personal data are stored on the blockchain, owners of such data can control when and how a third party can access it.

Can blockchain be GDPR compliant?

In conclusion, applications based on block chain technology, such as Bitcoin, by default don't meet GDPR requirements and will have to put extra effort to compensate for certain fundamental properties of blockchain technology such as transparency, immutability and recording to align their solutions with GDPR.

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