The legal entitlements granted to individuals regarding the control and processing of their personal data by organizations. In the crypto domain, these rights pertain to user information held by exchanges, DeFi platforms, or other entities, particularly concerning KYC/AML compliance and transaction history.
Mechanism
These rights typically include the right to access personal data, rectify inaccuracies, request deletion (right to be forgotten), restrict processing, object to processing, and data portability. Implementing these rights within crypto systems often requires robust identity management solutions, auditable data trails, and mechanisms for pseudonymization or encryption to balance privacy with regulatory requirements.
Methodology
Adhering to data subject rights mandates the implementation of privacy-by-design principles in system architecture, ensuring data minimization and secure processing. Organizations must establish clear protocols for handling data requests, maintaining a verifiable audit log of consent, and providing transparent policies on data retention and sharing, especially when interacting with decentralized protocols where data control can be distributed.
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