On August 25, 2023, Google announced that it had taken significant steps to comply with the European Union’s Digital Services Act (DSA). This new regulation aims to improve online security and transparency. But it also has a much bigger purpose, to fight the spread of illegal content and disinformation.
In short
- Google complies with DSA measures and takes steps to improve security
- Good news or not for cryptos
Google takes steps to improve security
Google, the competitor of Meta and OpenAI in terms of new technologies, is constantly making decisions to bring itself up to date. After an immersion in blockchain and cryptos, he announcement that it strengthens its security measures to protect users against illegal and dangerous content.
To do this, the company will invest 1 billion euros in the implementation of these measures. The company will also collaborate with external experts to improve its understanding of illegal and dangerous content. In addition, the mastodon also wants to strengthen the detection and deletion of hateful, violent or child pornography content.
Thus, it will invest in new technologies to detect this content more quickly and more efficiently. In particular, the trafficking of arms, drugs and other illicit products. For this, Google will use its algorithms to help it in its task.
What impact on crypto assets?
The EU DSA was adopted in 2022 and entered into force on August 28, 2023. It imposes a series of obligations on large online platforms, such as Google. These aim in particular to improve online security and transparency. To this end, they are intended to encourage the prevention and removal of illegal content.
Remember that with the explosion of the crypto ecosystem, more and more people are using the search engine to find information. With information proliferating, Google is positioning itself as the platform of choice for reliable data. However, the increased security could have adverse effects later, considering that some believe the government could strip them of their crypto holdings.
The EU DSA is an important regulation that wants to significantly impact the information technology sector. Google taking various steps to comply is a good start. However, it is worth asking whether the various obligations will not have consequences on the crypto markets.
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