Wednesday, May 22, 2024
HomeNewsTech giants may face strict new regulations in EU nations and Britain

Tech giants may face strict new regulations in EU nations and Britain

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By Kaveesha Fernando

LONDON (UK) (CWBN)_ International media reports that officials have released regulations earlier this week which propose that tech giants face colossal fines in the European Union and Britain if the companies fail to protect users or treat rivals unfairly.

The move comes amidst increasing scrutiny of large tech companies which are accused of a slew of misdeeds which include selling the personal information of users to governments and other companies, using platforms to bury competitors and ignoring reports which indicate flaws in technology which allow for discrimination and other potential issues.

The moves will prevent the companies from forbidding users to uninstalling preinstalled software or apps from devices and using data of competitors who use their services against them.

The European Union presented two proposals: the Digital Services Act and the Digital Markets Act. An official statement revealed that the proposals intend “to make sure that we, as users, as customers, as businesses, have access to a wide choice of safe products and services online, just as well as we do in the physical world”. It was also intended to ensure that “all businesses operating in Europe, that can be big ones, that can be small ones, that they can freely and fairly compete online, just as they do offline”.

The European Union already have some of the toughest digital laws in the world. Citizens in EU countries are afforded additional protection online, while websites operating from the EU are forced to follow their strict legislation in order to ensure that they do not harm any users (regardless of where they live).

Meanwhile, the UK government has proposed an Online Safety Bill which affords similar protections. In addition to forcing companies to protect users on their platforms, companies will also face fines if they don’t remove and limit the spread of harmful material such as child sexual abuse or terrorist content.

As the UK will no longer be part of the European Union, the nation aims to enact domestic legislation in order to maintain EU standards which they agree with.

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