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Key Takeaways
- The European Union is preparing to implement the Digital Services Act (DSA).
- The DSA imposes significant new obligations primarily on very large online platforms (VLOPs).
- Key requirements include swiftly removing illegal content and mitigating systemic risks like disinformation.
- Non-compliant platforms face substantial fines, potentially up to 6% of their global annual turnover.
- The regulation signals a major effort by the EU to increase accountability for major online services.
The European Union is on the verge of enforcing the landmark Digital Services Act (DSA), a comprehensive set of rules designed to govern online platforms operating within the bloc. This regulation introduces stringent new obligations, particularly targeting very large online platforms (VLOPs) such as major social media sites and marketplaces. These platforms will be required to implement robust measures for rapidly identifying and removing illegal content, including hate speech and counterfeit goods. Furthermore, the DSA mandates proactive risk assessments to address systemic issues like the spread of disinformation and manipulation of online services. Non-compliance with these stringent new rules carries severe financial penalties, potentially reaching up to 6% of a company's global annual turnover. This regulatory push signifies a major shift towards greater accountability for Big Tech in the European digital sphere.
