Consumers Want Privacy and Regulators are Listening

by Marvin Dumont

Apollo offers privacy features and tools such as encrypted messaging, coin mixing and decentralized exchange (DEX). Apollonauts can also use IP masking to hide their location.

People want to secure their personal information: 68% of U.S. and U.K. respondents believe online privacy is impossible, and 78% are changing their behavior (like sharing less information), according to a July 2019 survey by FigLeaf. Also, 80% of Americans say online privacy is important.

Last year, Europe passed General Data Protection Regulation (GDPR) that requires companies to protect the personal data and privacy of EU citizens. GDPR also regulates the export of such data outside the continent.

California’s Consumer Privacy Act (CCPA) goes into effect January 1, 2020 and users must be able to opt out of info sharing with third parties.

In July 2019, New York passed the “Stop Hacks and Improve Electronic Data Security” (SHIELD) Act. It requires organizations to protect the private information (like name and Social Security number) of state residents, as well as requires notifications in case of a data breach.

Google and Facebook collect everyone’s personal information, and they make it difficult to erase such data. Legislation is an important step to honoring people’s privacy.

Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in an unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. “Apollonauts” use features such as encrypted messaging, smart contracts, decentralized exchange, decentralized applications and decentralized file storage.

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