Facebook-sponsored digital currency Libra is determined to getting the green light by European regulators next year, despite the numerous concerns raised by EU finance ministers, a senior representative of the project told EURACTIV.com.
An ideological 'fight' is tacking place worldwide between those who want to restrict open access to the internet and those who want to maintain a free and open web within necessary regulatory frameworks, Facebook's VP for Global Affairs, Nick Clegg, has said.
Global tech giants have been sowing the seeds of an economy predicated on 'biopower', amid the EU's attempts to rein in their dominance, the bloc's Competition Commissioner Margrethe Vestager has told EURACTIV in an exclusive interview.
The European Commission has called for a “proportionate” and differentiated approach to regulating digital currencies including Facebook’s Libra, as the EU needs to preserve is developing Fintech environment.
Europe is ready to “prevent the development” of risky digital currencies including Libra until all concerns have been addressed, according to the latest proposal to be discussed by EU finance ministers and seen by EURACTIV.com.
The case for the EU regulation of online disinformation "will be evaluated" in the coming months ahead of a decision in early 2020, a Commission official revealed on Tuesday (29 October). At the same time, the EU's executive conceded that its disinformation alert system has never been triggered.
Welcome to EURACTIV’s Digital Brief, your weekly update on all things digital in the EU. You can subscribe to the newsletter here. “Google’s decision is not just regrettable. It is disrespectful of the spirit of the European directive and the...
Welcome to EURACTIV’s Digital Brief, your weekly update on all things digital in the EU. You can subscribe to the newsletter here. “There are some big decisions to make.” US Ambassador to the EU, Gordon Sondland, speaking about Huawei,...
The Economic and Financial Committee (EFC), which brings together the EU’s member states, has requested an analysis note from the European Commission to further look into the risks posed by Facebook’s controversial digital currency Libra and the ways to regulate it.
EU antitrust regulators want to know whether Facebook’s proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday (21 August).
About twenty US states are worried about the monopolistic tendencies of tech giants, and are close to launching a joint antitrust investigation next month, the Wall Street Journal reported on Monday (19 August). EURACTIV's partner La Tribune reports.
The U.S. Justice Department said on Tuesday (23 July) it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.
French finance minister Bruno Le Maire is determined to chair an “efficient” meeting with his colleagues of the G7 countries on Wednesday and Thursday. His goal is no less than to refound capitalism. As a first step, he wants to reach an agreement on the main features of digital tax, to pave the way for an international compromise by early next year.
Facebook will face Austrian privacy activist Max Schrems next week at Europe’s top court in a landmark case that could affect how hundreds of thousands of companies transfer personal data worldwide as well as Europeans’ privacy rights.
Social media platforms in Germany are obliged to report hate speech and other illegal content. Germany's Federal Office of Justice is expected to slap a €2 million fine on Facebook for reporting only a fraction of such activity on its platform. EURACTIV Germany reports.
US President Donald Trump on Wednesday (26 June) suggested the European Union was out of line in "suing" US technology companies like Facebook and Alphabet Inc's Google, saying legal action against those firms should be the purview of the United States.
Facebook has plans to establish an independent oversight board "analogous to a court," that will have the power to make decisions on what content should be removed from the platform, the company's Head of Global Policy, Nick Clegg, announced on Monday (24 April).
Welcome to EURACTIV’s Digital Brief, your weekly update on all things digital in the EU. You can subscribe to the newsletter here. “Any further concentration of personal data poses additional risks to the rights and freedoms of individuals.” – European Data Protection...
Facebook said it will enable “trustworthy” news publishers to generate additional revenue on its social media site, following EU accusations of Russian meddling in last month's European election campaign.