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Read more informationEU: Digital Services Act and the Digital Markets Act
The introduction of new draft laws concerning digital services and markets have ensured strict regulations for tech giants in doing business. These laws aim to limit the power of global internet firms, such as Amazon, Google, and Facebook etc. on the European market. Any violations of laws and regulations laid down hereunder are likely to attract heavy penalties.
Objectives of the draft legislation;
To avoid penalties and legal action, the dual legislation lays down;
These rules are said to bring about a positive change in the realm of digital services and bring order to the tech market's chaotic nature. This dual legislation shall also provide users with a safe and trustworthy environment while also protecting their freedom of expression. The Acts are based on the basic principle that what is illegal offline shall also be considered illegal online.
The main aim herein is to update laws according to the constantly changing tech environment per the ever-evolving digital age.
This means that laws shall take the following measures;