In a time where a new form of virtual currencies is sweeping the global internet world, many trends and terminologies have surfaced, which need clarity and answers to provide a clear and better understanding of what constitutes the modern world of cryptocurrency.
The EU/US Privacy Shield Framework
COMPANIES AND THE EU/US PRIVACY SHIELD FRAMEWORK
Introduction – what is the Privacy Shield Framework?
On 24 October 1995, the European Commission’s Data Protection Directive came into effect, prohibiting the transfer of privacy information of European residents to Non-European Union countries that fail to comply with the EU’s “adequacy” standard for data protection. Because there exist strong commercial ties between the EU and the US, transfer of personal data plays a major role in the transatlantic relationship, most especially in the modern day digital economy.
COMPANIES AND THE EU GENERAL DATA PROTECTION REGULATION (a.k.a. GDPR)
Introduction — what is the GDPR?
As you know, by May 25, 2018, all companies processing the personal data of EU citizens and residents have only a short time to comply with a new data regulation regime known as the General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679).
Payment Services Directive 2 | a summary
SUMMARY OF THE PAYMENT SERVICES DIRECTIVE 2 (a.k.a. PSD2)
Here are a few things to know about the Payment Services Directive 2, also known as the ‘Revised Payment Services Directive’ (PSD2 – EU Directive 2015/2366):
Mobile & Digital Wallets
Have you heard of mobile or digital wallets? With the rise of new technology and in this digitally savvy generation, almost everything is becoming cashless and paperless. Money as a means of payment has also evolved along history and has become less physical and more digital. Also, since the rise of smartphones in 2014 as the dominant tool for accessing the internet all over the world, even commerce is going mobile. Most of us use digital or mobile wallets in our everyday transactions without knowing it.