The EU Digital Markets Act and what it means for ‘big tech’ | World ...
WEBSep 19, 2023 · The European Union (EU) has introduced a set of laws aimed at curbing the power of ‘big tech’ firms to make European digital markets more competitive. Known as the Digital Markets Act (DMA), the rules are to remove market barriers created by large “gatekeeper” platforms such as Google, Facebook and Amazon. In this way, the EU …
EU's Digital Markets Act has big implications for 'Big Tech'
WEBNov 10, 2022 · The new EU Digital Markets Act will determine rules for platforms that keep access, opportunity or knowledge in the digital sector to themselves. These platforms have significant impacts on the internal market, serving as important gateways for businesses to reach their end users, a data privacy expert explains.
What does the EU’s new Digital Markets Act mean for big tech?
WEBThe Digital Markets Act is expected to have a significant impact on big tech companies. The new law will force them to change the way they operate and make it easier for consumers and smaller businesses to compete. For example, the ban on ranking their own products above those of rivals could lead to more choice and lower prices for consumers.
Metaverse interoperability is essential. How will regulation play a ...
WEBAug 6, 2024 · Image: Reuters/Dina Sakr. Interoperability is a major concern for the future of the metaverse. A balance must be struck between ensuring a frictionless experience between platforms, and respecting privacy and other user considerations. Regulation, such as the European Commission's Digital Markets Act, can indicate how to balance these …
Digital assets economy: How financial markets are accelerating …
WEBMay 25, 2022 · And today, we’re using distributed ledger technology, application programming interfaces and cloud to varying degrees in projects ranging from a prototype to explore how CBDC might operate in US clearing and settlement, to a Digital Securities Management platform to create infrastructure and standards for private markets, and the …
Here's how the Digital Services Act changes content moderation
WEBDec 13, 2022 · Listen to the article. The Digital Services Act aims to provide clearer and more standardized rules for digital content. Companies will need to consider content removal and take a proactive and transparent approach to moderation. With enforcement throughout Europe, companies need to ensure the right systems and processes are in …
How are crypto regulations changing around the world? | World …
WEBMay 2, 2024 · Governments around the world are building out new rules for cryptocurrencies. The International Organization of Securities Commissions has also laid out its 18 recommendations for global rules on managing crypto and digital assets. The World Economic Forum’s Pathways to the Regulation of Crypto-Assets details key …
Africa wants a single digital market for the continent | World …
WEBMar 22, 2023 · The African Union aims to build a secured single digital market across the continent by 2030. It believes that improving digital and physical connections by eliminating barriers like broadband coverage gaps and digital illiteracy will allow businesses to reach bigger markets and create jobs. Billions in public-sector investment is needed to ...
To regulate digital platforms in the future, we should look to the …
WEBMay 8, 2019 · The Case for the Digital Platform Act: Market Structure and Regulation of Digital Platforms looks at the last 150 years of regulating telecommunications and electronic media to provide guidance on how we can regulate digital platforms in a manner consistent with our enduring values as a democratic society, by striking the proper balance between ...
What impact will the EU Data Act have on the digital economy?
WEBMar 9, 2022 · On 23 February, the European Commission proposed the first draft of its new Data Act. It is mainly intended to ensure fairness in the allocation of value from data among actors in the digital economy and to foster data-sharing across sectors. It aims to resist a business model in which data from Internet of Things (IoT) devices is locked in for ...