GDPR

1. Understanding GDPR

The General Data Protection Regulation (GDPR) is a comprehensive data protection law enacted by the European Union (EU) to safeguard the privacy rights of individuals and regulate the processing of personal data. It applies to all businesses that collect, store, or process personal data of EU residents, regardless of their geographical location.

For XB2BX, compliance with the GDPR is essential to ensure that customer data is handled lawfully, transparently, and securely within the marketplace.

2. Key Principles for XB2BX

XB2BX is committed to upholding the following core principles of GDPR:

• Lawfulness, Fairness, and Transparency: Personal data is collected and processed with clear consent and for legitimate purposes.
• Purpose Limitation: Data is only used for the specific purposes communicated to the user.
• Data Minimization: XB2BX collects only the necessary information required for marketplace operations.
• Accuracy: Ensuring that user data is accurate and up to date.
• Storage Limitation: Personal data is retained only for as long as necessary and securely deleted when no longer required.
• Integrity and Confidentiality: Appropriate security measures are in place to protect data against unauthorized access or breaches.

3. User Rights Under GDPR

XB2BX ensures that users can exercise their data protection rights, including:

✅ Right to Access – Users can request details about their personal data stored on the platform.
✅ Right to Rectification – Users can correct inaccurate or incomplete information.
✅ Right to Erasure (“Right to be Forgotten”) – Users can request the deletion of their data under certain conditions.
✅ Right to Restrict Processing – Users can limit how their data is used.
✅ Right to Data Portability – Users can receive personal data in a structured format.
✅ Right to Object – Users can object to data processing for marketing or other purposes.

4. How XB2BX Ensures GDPR Compliance

XB2BX has implemented strict data protection measures, including:

• Explicit User Consent: Users must agree to data collection and processing policies.
• Secure Data Storage: Encryption and advanced security technologies protect personal information.
• Privacy Policy Transparency: Clearly outlined terms on how data is collected, processed, and shared.
• Data Breach Response Plan: Immediate action plans to notify authorities and affected users in case of a security breach.

5. Commitment to Privacy & Security

XB2BX takes GDPR compliance seriously, ensuring a safe, transparent, and trustworthy marketplace for all users. By following GDPR, we protect personal data and maintain high standards of privacy and security.

📌 For more details, please refer to our Privacy Policy or contact our Data Protection Officer (DPO).