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What are the privacy implications of blockchain transactions under current legislation?

Blockchain transactions pose privacy challenges under current laws, especially with regulations like GDPR. The decentralized and immutable nature of blockchain makes it difficult to delete or alter personal data, conflicting with the “right to be forgotten.” While public blockchains expose transaction details, solutions like zero-knowledge proofs and private blockchains can help protect privacy. These factors highlight the ongoing tension between blockchain’s transparency and the need for data privacy under legislation.

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