European regulators fined Google €890 million under the Digital Markets Act (DMA) for allegedly favoring its own services in search and restricting app developers from promoting external offers. Google is reviewing the decision, considering an appeal, and claims DMA implementation degrades user experience and security.
AliExpress has been fined €550 million by European Union regulators for failing to curb illegal, unsafe, and counterfeit goods on its platform, violating the Digital Services Act. The e-commerce giant plans to appeal the "disproportionate" penalty and faces an October 20 deadline to submit a compliance plan.
EU regulators have accused Meta Platforms of failing to protect Facebook and Instagram users, especially children, from features encouraging compulsive use and harming wellbeing. Meta rejected the preliminary findings, which could lead to a fine of up to $12 billion.
The European Securities and Markets Authority (ESMA) has launched a Common Supervisory Action (CSA) to assess the operational resilience of crypto asset service providers (CASPs) under the MiCA framework. The review focuses on custody services, moving beyond initial licensing to examine practical security measures and risk management.
EU regulators have charged Meta with failing to tackle the "addictive design" of Facebook and Instagram, which they say harms users' mental and physical health. Features like video autoplay and infinite scroll were cited as contributing to compulsive use, particularly among children. Meta faces potential fines up to 6% of its annual turnover if found in breach of the Digital Services Act.
As MiCA rules take effect July 1, EU-approved crypto exchanges like Coinbase and OKX are offering incentives to attract users from companies like Binance and Bybit Global, which are restricting services in the EEA due to license issues. Bybit is simultaneously expanding its business in the Middle East and North Africa.
The Dutch road authority will ask other EU regulators to approve the driver assist.
EU regulators are preparing to pressure Google to allow rival AI assistants like ChatGPT and Claude equal access to Android features currently available only to Google's Gemini. The action stems from the EU's Digital Markets Act, which aims to increase competition among Big Tech firms. Google has expressed concerns that opening Android to rivals could compromise user security and privacy. The findings represent a step shy of a formal investigation but signal increased regulatory pressure on the US tech giant.
