Fagen Wasanni Technologies August 13, 2023
Big US tech companies are becoming increasingly fed up with UK regulation, with some considering exiting the UK market altogether. The proposed Online Safety Bill, aimed at protecting children, imposes strict rules on social media content policing, with severe penalties for tech executives who fail to comply. Controversially, the bill also allows encrypted messages to be read and handed over to law enforcement in cases of national security or child protection risks. WhatsApp and Signal, which offer end-to-end encryption, have threatened to leave the UK market over this demand. Another major concern is the Digital Markets Bill, which gives the UK’s competition watchdog the power to impose rules and punishments on large companies like Amazon and Microsoft. Several firms have...
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