Action Forex Warns of Bearish Crypto Market Indicators

A recent policy change by Action Forex has raised concerns about the potential for a bearish crypto market. According to the company, there are three key signs that indicate a bearish trend: changes in user consent policies, potential risks to personal data processing, and restrictions on website functionality.

One of these signs is the requirement for users under 16 to obtain parental consent before using optional services. This change may impact how websites handle user data, particularly when it comes to international data transfers.

The company also notes that some services process personal data in countries with insufficient data protection, such as the USA. This raises concerns about the potential risks to users' personal data and their rights under EU law.