XBIZ Berlin Hosts 'State of the Industry: European Edition' (XBIZ)

Read the full article by Stephen Yagielowicz on XBIZ.com

"Moderated by Matthew Mund from Mobius Payments, the panelists included Michael Fleener from Adam & Eve; FSC Executive Director Eric Leue; TrafficPimps’ Jack Avalanche; Immoral Productions’ Dan Leal; Jul Models’ Julia Grandi; and adult attorney Chad Anderson from ChadKnowsLaw....“GDPR — those are the four letters that you should think about until next year, May — and you should make sure you are full-on compliant, because otherwise, you’re looking at 10 million Euros,” Eric said, adding, “I’m not sure how many people have 10 million Euros just lying around to pay a fine.”“How do we work together, even though we are competitors?” Eric asked. “If we can figure that out as other mainstream industries have figured it out, I think then we have a really good future ahead of us.”Chad emphasized the importance of the General Data Privacy Regulation (GDPR) and noted its top level fine is 20 million Euros or four percent of a company’s revenue but said compliance is relatively simple — if you start now."