First they came for our privacy. Then our data. Finally they took our memes. If the more hyperbolic headlines are to be believed, the EU’s ratification of the controversial Article 13 copyright law will have repercussions for purveyors of highly shareable online content. The reality is less draconian. Nevertheless, Article 13, coupled with last year’s GDPR laws, has ramifications for all tech companies, blockchain projects included.
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Article 13 Passes But Memes Earn a Reprieve
The European Union’s General Data Protection Regulation (GDPR) law, described as “the most important change in data privacy regulation in 20 years,” received a mixed reaction upon its introduction last year. Within the cryptocurrency industry, the fallout was limited to a handful of projects that bowed out rather than accede to the incoming regulations. As hybrid blockchain company LTO Network noted, GDPR posed “an even greater…