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Data protection

How the GDPR on data transfer affects cross-border payment institutions

Luana P. Nogueira, CurrencyFair
PUBLISHED ON: 22 Jun 2020

The General Data Protection Regulation (GDPR) in Recital 23 brought an obligation to all companies that receive, control or process personal data of European Union (EU) residents to comply with the minimal safeguards stated in European legislation. One of the main issues is the fact that companies that are not based in the EU, which receive, store