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The EU is one step away from passing the Digital Markets Act, which will control the big technology companies you participate in every day


The Digital Markets Act, also known as the Digital Markets Act or simply the DMA, is rules targeting online advertising, messaging services, and other activities of major technology platforms that are offensive or restrictive.

If you want to know more about this and how it will affect you, since we have already warned you that it will have a big impact, we leave you with the following link to an extensive report and below a short summary in video format.

Its main goal is ban certain methods used by major platforms such as Facebook (Meta), Google, Amazon, Microsoft or Apple (most affected) and allow the Commission to conduct market research and punish behavior that is not in accordance with the law.

criminals will punishable by a fine of up to 10% of their global turnover in the previous year or up to 20% in case of relapse. To ensure these rules work, the EU will form a working group of around 80 officials.

So, on March 25, 2022, the Council and Parliament reached a preliminary agreement on the Digital Markets Law. Currently, EU lawmakers approved this new rule on Tuesday.

In addition to the rule known as the Digital Markets Act (DMA), lawmakers have also passed the Digital Services Act (DSA), which requires online platforms to do more to monitor and keep us safe online from illegal content. 588 votes in favour, 11 against and 31 abstentions for DMA and 539 votes for, 54 against and 30 abstentions for DSA.


What is Digital Markets Law

“With the Digital Services Regulation and the Digital Market Regulation, the rule of law will be strengthened and citizens will be more protected. European Union thereby becoming the first jurisdiction in the world to set the standard for regulating the digital space based on our democratic values.”explains European Commissioner for the Internal Market Thierry Breton.

This legislation it only requires the official approval of the European Council. It may come into force in autumn 2022. However, your app might not go live until spring 2023.

It is worth noting that the EU consumer protection organizations, of course, support it. In addition, a survey of French and German SMEs showed that 79% think tech giants should face stricter regulation on the use of personal data.

And even US companies like Mozilla and Microsoft have theoretically welcomed DMA rules. Others we already know not so much.

For now, we’ll have to wait to see what happens and whether some things that clearly threaten user safety can be changed. And the point is that regulation should be about trying to solve old problems without creating too many new ones.

Source: Computer Hoy

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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