“Any further concentration of personal data poses additional risks to the rights and freedoms of individuals.”
– European Data Protection Supervisor Giovanni Buttarelli, Wednesday, 19 June.
Facebook’s Crypto concerns. Facebook’s plans to launch its own cryptocurrency, Libra, have already started to raise concerns in the EU, with European Data Protection Supervisor saying on Wednesday (19 June) that the move will “require careful scrutiny” from relevant bodies.
In an interview with Business Insider, Buttarelli added that “it would be deeply concerning, for example, for a company with access to massive volumes of personal information, gathered through its social media platforms and communications services, to be able to combine this information with the tracking of online digital purchases.” (...)