Can Taner, Chief Product Officer, Bitpace said: “GDPR’s anniversary is a reminder of how far data protection regulation has raised global standards for data privacy, accountability and transparency. For the crypto industry, these principles and values are crucially important. Trust is not built through blockchain security alone. It also depends on the diligence, governance and operational controls that organisations put in place to protect users, merchants and partners.
“For crypto businesses, this means security and data governance cannot sit apart from the core product. They need to be embedded across operations, from how customer information is collected and stored, to how payments, exchanges and merchant relationships are managed. Blockchain may bring greater transparency at the transaction level, but businesses still need robust controls and clear compliance frameworks to protect personal and financial information.
“Strong data practices are also an enabler of growth. When users, merchants, and institutional partners are confident their information is being handled responsibly, it supports adoption and helps bridge the gap between traditional finance and digital assets. For the crypto market as a whole, sustainable growth depends on the industry’s ability to prove that security, privacy and accountability are built into its foundations.”
Source: aijourn.com
