ELON Coin

Elon Musk’s social media platform, X, has come under fire from the European Union (EU) for allegedly breaching Digital Services Act (DSA) regulations. Notably, the accusations could lead to hefty fines and significant operational changes. Meanwhile, European Commissioner for Internal Market Thierry Breton highlighted the issue in a recent X post, emphasizing the severity of the allegations. 
<h2 id="x-faces-regulatory-scrutiny-in-eu">X Faces Regulatory Scrutiny In EU</h2> 
The EU Commission has accused <a href="https://coingape.com/elon-musk-x-payments-gets-money-transmitter-license-in-washington-dc/" target="_blank" rel="noopener">X</a> (formerly Twitter) of violating online content rules, as outlined in the DSA. This follows a seven-month investigation targeting large online platforms and search engines. Notably, the DSA mandates the entities to address illegal content and public security risks more effectively. 
Other companies, including ByteDance’s TikTok, AliExpress, and Meta Platforms, are also under investigation. However, key areas of concern for X include the use of dark patterns, lack of advertising transparency, and restricted data access for researchers. 
In addition, the Commission specifically criticized X’s blue checkmark verification system, claiming it misleads users and undermines their ability to discern authentic accounts. Besides, X has been accused of not providing a searchable and reliable advertisement repository, a requirement under the DSA. 
Meanwhile, <a href="https://coingape.com/glossary/elon-musk/" target="_blank" rel="noopener">Elon Musk’s</a> X now has a few months to respond to these charges. If found guilty, the platform could face fines of up to 6% of its global turnover. Thierry Breton stressed that if their view is confirmed, significant changes will be required, along with the imposition of fines. 
Also Read: <a href="https://coingape.com/bitcoin-crash-mentougou-payout-risks-further-downtrend-with-138k-btc-at-stake/" target="_blank" rel="noopener">Mentougou Payout Risks Further Downtrend With 138K BTC At Stake</a> 
<h2 id="what-s-next">What’s Next?</h2> 
The Commission’s findings suggest broader implications for X and its operations within the EU. The platform has been charged with blocking researchers from accessing public data, further complicating its standing with regulators. Notably, this move highlights the EU’s commitment to ensuring transparency and accountability in digital platforms. 
Meanwhile, the defense strategy of Elon Musk’s X will be crucial in determining its future within the EU market. The platform’s response to the allegations and willingness to comply with the DSA will play a significant role in shaping its operational landscape. 
Notably, the Commission continues to investigate the dissemination of illegal content on X and the measures taken to counter disinformation. This situation underscores the growing regulatory scrutiny faced by large tech companies operating in the EU. 
The DSA aims to create a safer and more transparent online environment, holding platforms accountable for their content and operational practices. As <a href="https://coingape.com/elon-musk-threatens-lawsuit-on-masterminds-of-x-ad-boycott/" target="_blank" rel="noopener">Musk’s</a> X navigates these challenges, it serves as a reminder of the evolving regulatory landscape and the importance of compliance for digital platforms. 
Also Read: <a href="https://coingape.com/xrp-healthcare-hits-major-milestone-with-uae-trademark-registration/" target="_blank" rel="noopener">XRP Healthcare Hits Major Milestone With UAE Trademark Registration</a> 
The post <a href="https://coingape.com/elon-musk-x-violates-eu-dsa-regulation-whats-next/">Elon Musk’s X Violates EU DSA Regulation, What’s Next?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Elon Musk’s X Violates EU DSA Regulation, What’s Next?

Table of Contents

Coingape News Media

Other articles published on Jul 12, 2024

Binance Coin (BNB) and Dogecoin (DOGE) Drop as Governments Sell Seized Tokens, While Clandeno (CL...

X30 Miner’s Golden Promise: BlockDAG Eyes $6000 a Day as Arbitrum Ignites and Arweave Freezes

DEXs on Polkadot: Leveraging the Power of Substrate & Shared Security

Reasons why Shiba Inu’s price may fall again after brief uptrend

The Rise of Bitcoin Payment Processing

Pepe Price Prediction: PEPE Plunges 7% As This New Pepe Upgrade Zooms Towards $4 Million In Presale

Join our free newsletter for daily crypto updates!