The United Kingdom established a new governing agency to investigate claims of monopolistic practices among the world’s leading technology corporations.
As a result, another agency has been contributed to the current list of regulators investigating how tech behemoths use their industry clout.
Britain’s modern Digital Marketplaces Team will be in charge of ensuring that tech behemoths like Facebook Inc. do not use their monopoly power to overwhelm our competitors.
It will not, however, be able to impose penalties till Legislature endorses regulations governing its provisions relating, which is bound to occur soon.
Whether it’s a television or a smartphone, the devices we use to consume information or carry out daily activities are only as good as their warranties and policies.
It’s also important to have reputable and trustworthy equipment with adequate warranties for a smooth operation.
1. New watchdogs on big tech.
The forecasted new tech regulators in the United Kingdom are not expected to offer authority to enforce Big Tech until sometime after 2022.
Despite getting initiated recently, they will take complete action in 20211, as per people familiar to the governing body.
The government launched the Digital Markets Unit, which will then be housed only within the Competition and Markets Authority and will be tasked with limiting the influence of large tech firms.
The board, which was first unveiled the year before last, was …Read More