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’.
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 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.
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.
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 countries are navigating uncertainty of digital asset …
Oct 4, 2024 · The report provides a thorough analysis of nine jurisdictions: the EU, Gibraltar, Hong Kong, Japan, Singapore, Switzerland, the UAE, the UK and the US. These regions count among the most advanced economies for digital asset activity, and their regulatory strategies provide critical insights on navigating future uncertainty.
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 ...
Digital Trade | World Economic Forum
Jan 5, 2024 · This initiative supports work towards a global system of digital trade that drives growing and more equal opportunities. The current landscape of fragmented digital trade regulations hinders many small and medium- sized firms, in particular, from fully leveraging the benefits of e-commerce beyond their own home market.The initiative focuses on three key areas:(1) Promoting regulatory ...
Shared standards are key to future of digital assets in financial ...
Jan 16, 2024 · Why standards and controls are essential to the future of digital financial markets. Jan 16, 2024. While the industry is ready to assimilate DLT and digital assets into the financial ecosystem, it first needs help overcoming roadblocks to moving assets across blockchains and integrations to traditional systems. Image: Getty Images/iStockphoto.
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”.