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EU Sets New Rules for Digital Services Companies

Published on April 24, 2022
Current Context: To contain the illegal content, the European Union has come up with new regulations.
EU Sets New Rules for Digital Services Companies
  • Under the Digital Services Act, digital companies (Like Google, Meta, Twitter, etc) can be fined up to 6 % of their global turnover for violating rules. In case of repeated breaches, these companies can be even banned in EU Countries.
  • The companies could be forced to hand over data related to their algorithms to regulators and researchers. This is meant to use the data for the security of the concerned nations.
  • Companies are also liable to face a yearly fee of up to 0.05 % of annual revenue worldover. It is meant to cover the cost of monitoring their compliance.

Question:

Q.1 Which organization has introduced the Digital Services Act?
a. British Parliament
b. EU
c. WTO
d. UNO
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