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linuxxx153769297d@ScribeOfGoD It allows people to give companies (they have to get a license) access to all their bank transactions of the past x time.
That's fine if people are given enough information but the catch:
Let's say person A does a lot of financial transactions with person B.
Person B doesn't want their financial data in the hand of anyone else than their own bank and themselves. Fair enough!
Now, person B doesn't agree to any data sharing with any third parties, all good.
But, person A does choose to share transactional data with a company. So person A shares the data and now some of person B's data gets in the hand of this external company as well since they do loads of transactions with eachother.
Thus, person B loses control of their data. -
Haxk2042335297dWTF are they doing ? Are they out of their fucking mind ? Fuck it im gonna pure cash or bitcoin. Dammit EU you are fucking up hard.
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epse3718297dActually, what happens with info about International transactions? I can't imagine them being able to justify selling off data about transactions with non-Dutch.
PSD2 is into effect in the Netherlands.
Because let's enable others to fuck over other peoples privacy!
Back to cash as much as possible it is.
Fucking hell 😡
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