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International Business Times
International Business Times
Business

SHOCKING: Paris kidnap bid highlights crypto data security risks | Mind Blowing Facts

Paris was the scene of a cryptocurrency-related attempted kidnapping last week (Credit: AFP)

New regulations threaten the security of the personal data of cryptocurrency users and may expose them to "physical danger", the platform at the centre of last week's Paris kidnapping attempt has claimed.

"A ticking time bomb," said Alexandre Stachtchenko, director of strategy at French platform Paymium, referring to the way information must now be collected during cryptocurrency transfers under EU rules.

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