GDPR will affect any business that has access to, or has the ability to process, personal data of any EU resident. In other words, if your business sells small kitchen tools online, and you sell to European customers, your data collection and privacy practices will be impacted by GDPR. This regulation will become mandatory for any company that deals in Europe, regardless if the business is located inside or outside the European Union. GDPR is slated to go into effect on May 25, 2018.
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