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The Office of the Privacy Commissioner of Canada has published a document advising Canadian citizens to use cash to conduct transactions pertaining to cannabis in order to protect personal information. In response to the guidance, Etoro market analyst Mati Greenspan has predicted the liberalization of Canadaâs cannabis sector will bolster local privacy coin adoption.
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Canadian Government Advises Consumers to Consider Privacy When Purchasing Cannabis
The office of the Canadian Privacy Commissioner has published a âguidance documentâ seeking to warn cannabis users of privacy concerns pertaining to transactions related to marijuana.
The document, titled âProtecting personal information: Cannabis transactions,â emphasizes that âCannabis is illegal in most jurisdictions outside of Canada,â and as such, the personal information of cannabis users should be treated as âvery sensitive.â
For example, the privacy commissioner highlights concerns that âsome countries may deny entry to individuals if they know they have purchased cannabis, even lawfully.â
Cannabis Retailers Urged to Recognize Sensitivity of Customersâ Data
The commissioner pressures cannabis retailers to ensure that âadequate physical, technological, and organizational security measures are in place to safeguard personal information,â emphasizing that security processes âmust recognize and respond to the sensitivity of this information.â
Where possible, the commissioner asks that retailers collect âthe least amount of personal informationâ and ârefrain from recording personal informationâ in order to minimize the impact from potential data breaches.
The document also recommends that retailers collect email addresses rather than names and addresses for mailing lists or memberships, and âonly use video surveillance as a last resort.â
Privacy Commissioner Encourages Cannabis Consumers to Purchase With Cash
The commissioner emphasizes that cannabis purchasers take care not to provide more personal information that is necessary to retailers, noting that consumers may be required to show identification in order to verify age.
The guidelines also recommend that consumers ask retailers whether personal information is stored on servers located in Canada or overseas, encouraging consumers to only trade with retailers that host information in Canada.
The privacy commissioner also advises that consumers avoid conducting transactions using credit cards as such involve the collection of the credit card number and cardholderâs name. Instead, the commissioner encourages Canadians to consider using cash to conduct cannabis-related purchases.
Etoro Analyst Predicts Boost to Privacy Coin Adoption
Mati Greenspan, a market analyst for Etoro, took to Twitter to react to the privacy commissionerâs document, predicting that the governmentâs criticisms of the mainstream electronic payment infrastructure will likely boost the adoption of privacy coins among Canadian citizens.
âThis will almost certainly increase the usage of privacy coinsâŠin Canada,â Greenspan tweeted.
Do you think that Canadaâs warning to cannabis consumers and retailers regarding the sensitivity of personal information will boost local privacy coin adoption? Share your thoughts in the comments section below!
Images courtesy of Shutterstock.
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