The EU Digital Markets Act and what it means for ‘big tech’ | World ...
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 ...
EU's Digital Markets Act has big implications for 'Big Tech'
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.
Digital assets economy: How financial markets are accelerating …
May 25, 2022 · And as tangible assets ranging from gold to artwork and baseball cards are tokenized – and those digital assets presumably will be used at some point to purchase physical goods as well as securities – investors and consumers must have confidence in the way the value of those assets is established, and in the regulation, governance and risk ...
What does the EU’s new Digital Markets Act mean for big tech?
The European Union (EU) has unveiled a new set of laws aimed at making Europe's tech sector more competitive and protecting consumers from online harms. 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.
Here's how the Digital Services Act changes content moderation
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.
Africa wants a single digital market for the continent | World …
Mar 22, 2023 · 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 achieve this, while regional economic commissions are able to play a key role in accelerating ...
How different countries are navigating the uncertainty of digital …
Oct 4, 2024 · The World Economic Forum has released a new report, Digital Assets Regulation: Insights from Jurisdictional Approaches, on how different countries regulate digital assets. Countries are taking divergent approaches to digital asset regulation and have different timelines for their creation and implementation.
Shared standards are key to future of digital assets in financial ...
Jan 16, 2024 · The good news is that, according to a recent study, nearly 40% of financial market participants are currently using some form of DLT or digital assets. These initiatives have begun to show that the technology can improve certain functions, such as securities issuance, trade settlement and data transparency.
What impact will the EU Data Act have on the digital economy?
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.
Here's what you need to know about cryptocurrency regulation
Jul 20, 2022 · Policymakers should act quickly to gather macroeconomic impact data to inform the design of regulatory frameworks and create standards that are custom-made for cryptocurrencies and stablecoins. Countries should collaborate to avoid regulatory arbitrage and promote a globally coordinated set of standards.