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Brief
Summary:
The European Union's Digital Markets Act (DMA) came into effect on March 6, 2024, aiming to promote fair and open digital markets by imposing obligations and restrictions on large technology companies. Six designated companies, including Alphabet (Google), Amazon, Apple, ByteDance (TikTok), Meta (Facebook), and Microsoft, must comply with the regulations within six months.
The DMA aims to ensure that consumers have a greater choice of services, better quality, and more opportunities to switch providers. It requires these companies to meet 20 obligations and restrictions, such as allowing users to easily uninstall services and software, preventing default installation of certain apps, and ensuring interoperability between messaging services.
In case of non-compliance, the European Commission may impose fines of up to 10% of the company's global turnover, with a possibility of an additional 10% for subsequent non-compliance. The DMA complements the Digital Services Act (DSA), which regulates online services and aims to protect users and establish fair rules in the European Union.
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