StreetLend.com shuts down, citing GDPR regulations
&gt; GDPR threatens website owners with fines of 4% of turnover or €20 million (whichever is higher) if they do not jump through a number of ambiguously-defined hoops.<p>Disregarding the &quot;hoops&quot; -- shouldn&#x27;t this 4% go entirely to the affected users? I thought this was meant to protect the users. Seems like a cash-grab by the government. Can someone make a good argument as to why the fines should be paid to a third party (the state) when this issue is between the service provider and the customers?<p>The only thing I can think of is that the state is the only entity which can enforce the new rights, meaning they get paid for violations of the rights. Still, if someone threatens the integrity and privacy of your data, shouldn&#x27;t the damages be paid to you?