Sep 19, 2023 · The European Union’s new Digital Markets Act (DMA) aims to regulate the power of big tech companies like Google, Facebook and Amazon, with significant fines for non-compliance. The DMA sets obligations for these digital ‘gatekeepers’ to ensure fair competition, including not favouring their own services, sharing data with third parties ...

Nov 10, 2022 · The Digital Markets Act introduces rules for platforms that act as ‘gatekeepers’ in the digital sector. These are platforms that have a significant impact on the internal market, serve as an important gateway for business users to reach their end users, and which enjoy, or will foreseeably enjoy, an entrenched and durable position.

The Digital Markets Act (DMA) came into force in May 2023, and the gatekeepers, the companies that will be subject to the strictest rules, were finalized in September 2023. The gatekeepers have until March 2024 to comply with the rules and could be fined up to 10% of their turnover if …

Aug 6, 2024 · Regulation, such as the European Commission's Digital Markets Act, can indicate how to balance these priorities. The metaverse is a convergent technology space increasingly leveraging developments in XR, AI, IoT, and blockchain to usher in the next era of the internet.

Dec 13, 2022 · 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.

Feb 23, 2023 · For De Graaf – who oversaw both the EU’s Digital Markets Act (DMA) and the Digital Services Act (DSA), designed respectively to protect smaller businesses and ensure companies combat harmful content online – having a tech diplomat in the area is now essential.

May 2, 2024 · Two bills in particular, the Financial Innovation and Technology (FIT) for the 21st Century Act and the Blockchain Regulatory Certainty Act helped define when a cryptocurrency is a security or a commodity, expand oversight of the industry, and clarify the roles of different bodies in managing crypto.

Mar 9, 2022 · The European Commission has recently proposed the first draft of a new Data Act to unlock the value of data generated by connected objects in Europe. The Data Act proposal is a key part of the European strategy for data. This legislation aims at removing barriers to access data while preserving incentives to invest in data generation.

Jun 3, 2024 · This regular round-up brings you compelling digital technology stories from the last fortnight. Top digital technology news: New EU AI rules set to come into force; Warning over digitalization of finance and banking; UK communications regulator strengthens digital safety code of …

May 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 ION platform ...