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Arab Banking Union: European Union Digital Services Act on the way to a new legal framework

Wissam Fattouh, Secretary General of the Arab Banking Union, noted that “although the EU Digital Services Law is a European law, it will apply to all countries with technology systems compatible with Europe. The size of this law can be It is larger and deeper than the European Common Regulation Data Protection Regulation (GDPR) in the European Union and the European Economic Area.

Wolf Photower said: “All this opens up new opportunities for various companies and merchants around the world and helps facilitate their expansion and access to new international markets. consequences” for society and the economy. These new challenges, and the way platforms deal with them, are having a major impact on the basic rights of Internet users. Despite minimal efforts at the EU level and globally.”

He believed that “the European Commission is trying to solve three main problems related to the management of digital services in the European Union:

First, an increase in exposure to illegal and harmful activities on the Internet, such as the sale of illegal goods, including dangerous goods, illegal hate speech, and illegal advertising targeted at individuals.

Second: lack of cooperation between national authorities and limited oversight mechanisms.

Third: the risks of legal fragmentation and legal barriers to digital services.

The EU Digital Services Act is more secure and open and includes the Digital Services Act (DSA) and the Digital Markets Act (DMA).

Despite efforts at the EU level, the accelerating digital transformation of society and the economy has created a situation in which some major platforms control important ecosystems of the digital economy. And they have the ability to impose their own rules.

In short, the Digital Services Act (DSA) contains:

Measures to counter illegal goods, services or content on the Internet.

New measures to empower users and civil society.

Risk assessment and mitigation measures.

New measures to protect minors and restrictions on the use of sensitive personal data for targeted advertising.

Fattu explained, “The Digital Services Act (DSA) and the Digital Markets Act (DMA) impose different obligations on technology companies. The Digital Services Act requires technology companies to oversee content management. It should be noted that the European Union has a history of enacting legislation for Internet giants to combat infringements of competition and data privacy and to impose fines in case of violation of legislative acts.

He added that “Arab countries may have to follow the example of the European Union in setting standards for digital services and creating their own legislative framework to control digital services and markets, taking into account Arab values, history, traditions and needs.”

Source: El Iktisad

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