Digital markets players in the European Economic Area (EEA) potentially face new regulation to deliver greater competition and innovation for the use of data, while protecting consumers’ rights. Social networks, search engines and e-commerce sites are just some of the digital platforms that will likely be most affected by these new potential regulations.
On 15 December 2020, the European Commission published its long-awaited rules for digital markets. The announcement represents a watershed moment for Ursula von der Leyen’s Commission, which has made so-called “technological sovereignty”, or efforts to bolster the bloc’s role in digital markets, a central piece of its legislative agenda, to ensure better consumer protection and a fairer, safer and reliable digital market.
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