In general, it seeks to curb the power of big tech and open the way for smaller competitors , promoting a more egalitarian market. However, if these companies do not comply with the regulatory criteria, they risk fines ranging from 10% to 20% of their total annual revenue. You may be interested: Cybersecurity in Chile, how do I protect my company? What does the law regulate and who does it impact? The obligations and prohibitions imposed by the Digital Markets Law cover matters of freedom , competitiveness , operation , privacy , among others . Small businesses or new competitors.
The smallest companies in the sector will be able to access data that giants like Google or Amazon collect in their operations. Large companies or gatekeepers Taiwan phone number list Among the limitations for the powers of the market we find the following: 1. These companies will not be able to prioritize their digital products over those offered by smaller competitors. 2. Regarding interoperability, big tech messaging services should open up and allow interaction with smaller companies that provide the same service. For example, messaging services like WhatsApp. 3. The law limits and regulates the purchase of smaller companies , preventing this from interfering with fair competition.
Consumers For consumers, this law brings important benefits in terms of protection of their privacy and rights to free choice . 1. The so-called access gatekeepers will not be able to limit users to deactivate or uninstall applications that come default in some of their devices. 2. Companies in users' personal data and their use in advertising will be limited, which protects people's privacy. 3. Consumers will be able to freely decide which browser or virtual assistant they prefer. Users that will be impacted by the Digital Markets law photo by cotton bro What's next in the Digital Markets Law? The foregoing corresponds only to a part of what the law intends to regulate in the digital market and experts assure that it sets a precedent for other regions.