(Thanks)
https://en.wikipedia.org/wiki/Data_Protection_Directive
Big tech and the advertising industry responded by sidestepping the new regulation to make deals with the individual countries to undermine it, and actually managed to get close to getting their way, and possibly to get it repealed completely.
https://www.nu.nl/internet/2849758/druk-van-lobby-opstelten-...
But the EU responded with the GDPR.
And now big tech is again lobbying and pressuring member states for exemptions, for example, Facebook:
https://www.theguardian.com/technology/2019/mar/02/facebook-...
This is just venue shopping, can't get what you want in one place then you just fragment it and try to get multiple smaller deals. So I totally expect a similar thing to happen around this subject, the stakes are just too high for them to ignore the whole EU for their games.
Though admittedly the example Cyprus indicates that the strategy could be to simply quietly ignore the law when it comes to foreign interests.