Many feared that the upcoming General Data Protection Regulation (GDPR) law might spell trouble for fledgling businesses – and it seems they weren’t far off. A promising blockchain service was forced to discontinue its operation to avoid troubles with the new bill. The Parity ICO Passport Service (PICOPS) has announced it will close doors later this month on May 24 as a result of the restrictive nature of GDPR. The service — launched by Parity Technologies last October — provides KYC services for initial coin offerings (ICOs), by validating the owners of Ethereum wallets who have successfully passed ID background checks. “This…

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