The Slovenian Presidency of the Council of the European Union has announced that the council has agreed its approach to the European Commission's Digital Markets Act proposal. The council presented additional changes to the scope of obligations and users' rights to opt out of targeted advertising and other platform services. The council also confirmed the European Commission as the sole enforcer of the law. Slovenian Minister for Economic Development and Technology Zdravko Počivalšek said "Today we reached an important milestone in the creation of a more open and a more competitive digital market. The Slovenian presidency has been working hard with member states and the European Commission to find a good compromise and to further improve the DMA’s goals: ensuring a fair and competitive digital market. We are proud that member states unanimously supported the general approach. This shows that the EU is strongly committed to ensure fair competition online. The proposed DMA shows our willingness and ambition to regulate big tech and will hopefully set a trend worldwide."
In related news, EU competition chief Margrethe Vestager urges the European Parliament and European Council to approve rules to regulate Big Tech as a matter of urgency, even if they are imperfect. In the article, originally published in the FT (£), Vestager said "It's important that everyone realises that it is best to get 80 per cent now than 100 per cent never. This is another way of saying that perfect should not be the enemy of very, very good."
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