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EU enacts law making social media platforms legally liable for financial scams on their platforms, risking heavy fines.
The European Union has passed a new law making social media platforms legally liable for financial scams occurring on their services, expanding regulatory power over Big Tech.
The measure, part of broader digital rules under the Digital Services and Markets Acts, could result in heavy fines for companies failing to prevent fraud.
The law marks a significant step in the EU’s effort to enforce digital accountability, despite pushback from tech firms and U.S. officials who criticize the regulations as overly strict.
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La UE promulga una ley que hace que las plataformas de redes sociales sean legalmente responsables por estafas financieras en sus plataformas, arriesgándose a fuertes multas.