EU top court bans US-EU data sharing deal over surveillance fears

The EU‘s Court of Justice has struck down its Privacy Shield pact with the United States due to concerns about US surveillance.

In a statement on Thursday, EU judges said the data-sharing agreement doesn’t sufficiently protect the privacy of the bloc’s citizens.

“The limitations on the protection of personal data arising from the domestic law of the United States on the access and use by US public authorities… are not circumscribed in a way that satisfies requirements that are essentially equivalent to those required under EU law,” the court said in a statement.

The case stems from a complaint lodged by Austrian privacy activist Max Schrems about Facebook transferring his data to servers in the US. Schrems argued that Washington’s prioritization of digital surveillance over privacy contravened EU laws and rights.

In a statement, Schrems said he was “very happy about the judgment.”

“It is clear that the US will have to seriously change their surveillance laws, if US companies want to continue to play a major role on the EU market,” he added.

The decision will deal a significant blow to Facebook and the thousands of other companies that rely on the Privacy Shield to move data from the EU to the US. However, they will still be allowed to use another data transfer mechanism known as standard contractual clauses (SCC).

The judges ruled that SSCs remained a valid method of sending data to a country outside the bloc, so long as the country “ensures an adequate level of data protection.”

Published July 16, 2020 — 09:47 UTC

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

For a Hedge Against Inflation - Click the Rocket!

E-Crypto News Executive Interviews

Blockchain/Cryptocurrency Questions and Answers

Stressed about crypto
The Worst Places in the World to Buy and Hold Crypto
January 27, 2023
What Are Crypto Index Funds?
What Are Crypto Index Funds?
January 19, 2023
Can You Make Money Anymore With Crypto in 2023?
January 13, 2023
What Is Stagflation And How Does It Affect The Crypto Markets?
What Is Stagflation And How Does It Affect The Crypto Markets?
January 12, 2023
passive crypto
How To Minimize Risks When Investing in Crypto
December 28, 2022

Automated trading with HaasBot Crypto Trading Bots

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin23,171 0.66 % 0.19 % 1.76 %
Ethereum1,587.0 0.99 % 0.99 % 2.39 %
Tether1.003 0.25 % 0.22 % 0.26 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB283.64 0.09 % 0.32 % 2.79 %
XRP0.4687 0.46 % 4.02 % 4.38 %
Binance USD1.000 0.15 % 0.14 % 0.18 %
Cardano0.3839 0.42 % 3.15 % 3.93 %
Dogecoin0.08893 1.14 % 0.68 % 4.98 %
Polygon1.140 0.36 % 1.35 % 15.22 %

Bitcoin (BTC) $ 23,024.17
Ethereum (ETH) $ 1,572.01
Tether (USDT) $ 1.00
USD Coin (USDC) $ 1.00
BNB (BNB) $ 306.28
XRP (XRP) $ 0.409543
Binance USD (BUSD) $ 1.00
Cardano (ADA) $ 0.380909
Dogecoin (DOGE) $ 0.088065
Polygon (MATIC) $ 1.15