One year after EU’s groundbreaking General Data Protection Regulation took effect, evidence is mounting that the law has shortcomings and unintended consequences that are hurting businesses, consumers, and innovation. Brussels has set out to make the bloc a leader in the digital economy, and policymakers are actively seeking to make GDPR the global standard for privacy and data use. Proponents argue that GDPR, which limits how companies can use information that touches on someone’s ethnicity, political opinions, religious beliefs or sexual orientation, is key to building user trust. But a close look shows GDPR is holding European businesses back.
Read the full article on the Financial Times.
Image: Jon Worth