European Competition Commissioner Margrethe Vestager also proposed new powers for enforcers to tackle market failures in digital markets and to stop new ones from emerging. Under the proposed Digital Services Act, online platforms will have to check sellers’ identities before they can use their services in a move aimed at countering illegal and dangerous content. The second set of rules called the Digital Markets Act is targeted at online gatekeepers. Vestager said the second pillar of the Digital Markets Act was to set up a harmonised market investigation framework across the 27-country bloc. Vestager will announce the new draft rules on December 2.

Source: Standard Digital October 29, 2020 13:46 UTC