Japan enacts law requiring tech giants to provide third-party app access, similar to EU's Digital Markets Act, with fines up to 30% revenue for violations.
Japan has enacted a new law requiring tech giants like Google and Apple to provide third-party smartphone apps and payment systems access on their platforms. Similar to the European Union's Digital Markets Act, this law mandates fair operation of systems and services, with violations resulting in fines of up to 30% of the offending company's revenue. The legislation is aimed at promoting competition in digital markets within Japan and aligns with the EU's goal of promoting fairer competition.
June 12, 2024
11 Articles