GDPR POLICY
Degen Labs LTD GDPR Policy
Effective Date: 01/08/2023
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1. Introduction
This GDPR Policy outlines how Degen Labs Ltd collects, processes, stores, and protects personal data in compliance with the General Data Protection Regulation (GDPR).
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2. Scope
This policy applies to all personal data collected, processed, and stored by Degen Labs Ltd in the course of its business activities.
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3. Data Protection Principles
Degen Labs Ltd is committed to adhering to the following GDPR principles:
Lawfulness, Fairness, and Transparency: Personal data will be processed lawfully, fairly, and in a transparent manner.
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Purpose Limitation: Personal data will be collected for specified, explicit, and legitimate purposes and not further processed in a manner that is incompatible with those purposes.
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Data Minimization: Degen Labs Ltd will only collect data that is strictly necessary for the purposes for which it is processed.
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Accuracy: Degen Labs Ltd will take reasonable steps to ensure that personal data is accurate and up-to-date.
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Storage Limitation: Personal data will be kept in a form that permits identification of data subjects for no longer than is necessary for the purposes for which the personal data is processed.
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Integrity and Confidentiality: Degen Labs Ltd will implement appropriate technical and organizational measures to ensure a level of security appropriate to the risk.
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Accountability and Governance: Degen Labs Ltd is responsible for, and able to demonstrate compliance with, the GDPR.
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4. Data Subjects' Rights
Degen Labs Ltd recognizes the rights of data subjects under the GDPR, including but not limited to:
The right to be informed
The right of access
The right to rectification
The right to erasure (‘right to be forgotten’)
The right to restrict processing
The right to data portability
The right to object
Rights in relation to automated decision making and profiling
5. Data Processing
Degen Labs Ltd will only process personal data where one or more of the following applies:
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The data subject has given consent to the processing.
Processing is necessary for the performance of a contract.
Processing is necessary for compliance with a legal obligation.
Processing is necessary to protect vital interests.
Processing is necessary for the performance of a task carried out in the public interest or in the exercise of official authority.
Processing is necessary for legitimate interests pursued by Degen Labs Ltd or a third party.
6. Data Breach Response
In the event of a data breach, Degen Labs Ltd will promptly assess the situation and take appropriate steps to mitigate the impact and notify the relevant authorities and affected data subjects, as required by the GDPR.
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7. Data Protection Officer
Degen Labs Ltd has appointed a Data Protection Officer (DPO) responsible for overseeing compliance with the GDPR. The DPO can be contacted at sammy@degendistillery.com.
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8. Training and Awareness
Degen Labs Ltd will provide regular training to employees on GDPR compliance and data protection best practices.
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9. Policy Review
This GDPR Policy will be reviewed on an annual basis or as needed to ensure ongoing compliance with applicable data protection laws and regulations.
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10. Contact Information
For inquiries or concerns related to data protection and GDPR compliance, please contact: