ARTICLE · 18 FEBRUARY 2022

Building A Business On The Blockchain? - Key Regulatory Considerations

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After the United Kingdom's withdrawal from the EU, all EU laws were transposed to UK law including GDPR.

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After the United Kingdom's withdrawal from the EU, all EU laws were transposed to UK law including GDPR. Therefore careful consideration of GDPR regulations should be read alongside the Data Protection Act 2018. Pseudonymisation and anonymisation techniques can assist in overcoming the GDPR's requirements, but it's vital that other key regimes and issues are discussed and considered.

GDPR

All developers must keep in mind the requirements of the EU General Data Protection Regulation (GDPR). The GDPR applies to any organisation processing personal data of customers and clients residing in the European Union and the UK. Developers must consider whether they are data controllers or data processors, and whether the blockchain can comply with the GDPR's principles, as follows:

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