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In an interview with CNBC’s “The Rundown,� Prince Constantijn van Oranje of The Netherlands said that the upcoming EU General Data Protection Regulation will be beneficial for companies in the long term. “Of course it’s a hassle,� he said. “And it’ll come at a certain cost. But once you got your data infrastructure well set up, it really is something you can deal with.� Prince Constantijn added, “It might be a competitive advantage because the companies will probably be more trustworthy. On the other hand, they’ll have higher compliance cost.�
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