EU official: Digital Markets Act will be transparent, harmonize internal market

The European Union’s Digital Markets Act is aimed at harmonizing regulation in the bloc’s market and the implementation of it will be transparent and based on “very clear criteria,” European officials said on Thursday. The proposal is expected to enter into force this fall and will require designated “gatekeeper” digital platforms – for instance, social networking sites or search engines – to abide by rules the bloc insists will ensure a “competitive and fair digital sector.” U.S. officials, lawmakers and...