Re:Publishers Haven't Realized How Big a Deal GDPR Is
by kolinko on Sunday April 08, 2018 @10:28PM
(#16789865)
Not the constitution, but certain laws were enacted in a similar way by US. Especially in finance and securities:
- banks all over the world have to ask their customers if they aren't American, when signing up for an account. Even a local bank in rural Poland, which couldn't care less about international markets, has to now ask people to explicitly confirm that they are not American citizens
- if you're doing a security offering, and you happen to sell to an American, even if they live in Europe, and you're blocking IPs from U.S., you have to follow the US regulations as well
And yes - it is kind of shitty, but EU wasn't the one to start a trend of applying the local laws on foreign soil.
- banks all over the world have to ask their customers if they aren't American, when signing up for an account. Even a local bank in rural Poland, which couldn't care less about international markets, has to now ask people to explicitly confirm that they are not American citizens
- if you're doing a security offering, and you happen to sell to an American, even if they live in Europe, and you're blocking IPs from U.S., you have to follow the US regulations as well
And yes - it is kind of shitty, but EU wasn't the one to start a trend of applying the local laws on foreign soil.