The U.S. Treasury Department has published new rules for foreign investors, iHodl Russia reports.
From now on, in order to invest in companies that work with personal data of U.S. citizens, it will be necessary to obtain permission from the Committee on Foreign Investments (CFIUS).
Thus, the U.S. authorities want to protect the personal data of Americans and American military technology from companies with foreign participation. The new rules will also apply to companies that process information, for example, about the state of health, data from genetic tests or geolocation.
Investor verification will also be required for some transactions involving critical technologies. However, the authorities have not yet developed criteria for determining such technologies and companies.
The new rules will not affect investors from Australia, Canada, and the U.K., because, as the U.S. Treasury Department said, there are"reliable mechanisms for sharing intelligence and integrating the defense industry base" with these countries.
Earlier iHodl reported that a global payments technology company Visa Inc. has acquired an aggregator for fintech services called Plaid for $5.3 billion dollars.
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