Europe's New Digital Services Act: A Game-Changer for Businesses

The Digital Services Act (DSA), a new EU regulation on digital services, is set to come into effect on August 25th for 19 major digital platforms, including Instagram, Snapchat, Twitter, Facebook, and TikTok. The law requires platforms to remove illegal content, including hate speech and counterfeiting companies, and mandates transparency regarding algorithms and recommendation systems. Non-compliance can result in sanctions of up to 6% of a company's annual turnover. Some platforms have criticized their inclusion on the list, while a survey found that platforms have not done enough to combat hate speech. Commissioner Thierry Breton has expressed support for the DSA and warned companies of their obligations under the law.