The EU Digital Markets Act and what it means for ‘big tech’ | World ...
Sep 19, 2023 · 00:00. 02:08. The EU has unveiled a raft of new laws designed to make Europe’s tech sector more competitive. It means big tech firms will have to follow new rules. such as sharing data with rivals and removing barriers for smaller firms to get onto platforms and reach users. The Act defines 22 companies and services as ‘gatekeepers’.
What does the EU’s new Digital Markets Act mean for big tech?
The 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.
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 ...
How are crypto regulations changing around the world? | World …
May 2, 2024 · The International Organization of Securities Commissions has laid out its 18 recommendations for global rules on managing crypto and digital assets. It sees a need for greater consistency on the regulation and oversight of crypto assets activities given the cross-border nature of the markets, which creates “significant risk of harm” for ...
EU's Digital Markets Act has big implications for 'Big Tech'
Nov 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 is tech diplomacy and why does it matter? - The World …
Feb 23, 2023. Brazil’s Deputy Consul General and Tech Ambassador, Eugenio Vargas Garcia, sums tech diplomacy up as “the conduct and practice of international relations, dialogue, and negotiations on global digital policy and emerging technological issues among states, the private sector, civil society and other groups”.
What we can learn about the future of digital assets regulation …
Sep 27, 2022 · The US Department of the Treasury (Treasury) sees crypto’s potential risks, including disclosure gaps and user confusion, as a challenge to continued innovation and adoption; as Treasury Secretary Yellen stated, “The reports clearly identify the real challenges and risks from digital assets used for financial services […] if these risks are mitigated, digital assets and other emerging ...
What impact will the EU Data Act have on the digital economy?
Mar 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 ...
EU's new AI rules set to enter into force and other digital tech ...
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 …
How do social norms affect development? | World Economic Forum
Jul 7, 2015 · The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.