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Re:GDPR for lazy people: Block all European users with Cloud... by mhw on Friday May 25, 2018 @03:44PM (#17157217)
Read up on FATCA (https://en.m.wikipedia.org/wiki/Foreign_Account_Tax_Complian...) before you argue further down that path. The US already has extraterritorial laws that have to be enforced by banks worldwide that don’t operate in the US.
Re:GDPR for lazy people: Block all European users with Cloud... by orangecat on Friday May 25, 2018 @04:13PM (#17157481)
Yes, and that sucks. Adding more overly broad extraterritorial laws is going in the wrong direction.

Note that a common response by foreign banks to FATCA is to refuse to do business with Americans, which is very likely the best course of action. So it shouldn't be surprising when companies take similar precautions because of GDPR.

Re:GDPR for lazy people: Block all European users with Cloud... by taysic on Friday May 25, 2018 @05:20PM (#17158085)
There seems to be a big difference between enforcing a law on all financial institutions and enforcing a law on all websites basically that serve the EU. The latter seems next to impossible to enforce.
Re:GDPR for lazy people: Block all European users with Cloud... by seanmcdirmid on Friday May 25, 2018 @05:38PM (#17158236)
FACTA is why banks refuse US citizen or PR customers.