At the end of January, Google launched a "new dedicated Digital Assets Team". Today, Politico reported that "a group of progressive advocates are pushing Maxine Waters (D-Calif.), the head of the House Financial Services Committee, to hold a hearing on Google’s" new blockchain plans. As reported by Politico, differently from Facebook's grand plan with Libra/Diem, Google "is...looking to create a broader blockchain infrastructure that could be used by a wide variety of cryptocurrencies and other digital assets, and stressed that Google doesn’t “want to take sides in backing any specific currency.” Should we worry? Will the DMA protect us? Antitrust and financial minds in particular will likely need to come together to discuss this. If St. Isidore of Seville (painting: as imagined by Murillo) is the unofficial patron saint of the Internet, we could use a patron of digital competition too. Any candidate?
Friday, March 18, 2022
A patron of digital competition
At the end of January, Google launched a "new dedicated Digital Assets Team". Today, Politico reported that "a group of progressive advocates are pushing Maxine Waters (D-Calif.), the head of the House Financial Services Committee, to hold a hearing on Google’s" new blockchain plans. As reported by Politico, differently from Facebook's grand plan with Libra/Diem, Google "is...looking to create a broader blockchain infrastructure that could be used by a wide variety of cryptocurrencies and other digital assets, and stressed that Google doesn’t “want to take sides in backing any specific currency.” Should we worry? Will the DMA protect us? Antitrust and financial minds in particular will likely need to come together to discuss this. If St. Isidore of Seville (painting: as imagined by Murillo) is the unofficial patron saint of the Internet, we could use a patron of digital competition too. Any candidate?
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Aka " From Digital Feudalism to Digital Sovereignty " - UCL IIPP, blog and video here. First of all, I strongly recommend watching...
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P. Krugman, here. [In 2017 (!) I had the honour of talking about fintech, competition, and the PSD2 to a Brazilian audience - people were...
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P. Samuelson, here.
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D. Baldacci, here.
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Not the usual Competition Commissioner's statement. Whole-of-Commission Approach? EC, here . [Dutch company buying an US company, mind...
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South Korea: Local DMA Bill "likely to be put on hold due to pressure from the TRUMP administration"S. Lee (from LinkedIn), here . "Discovered" by a researcher coming back from vacation? Don't they have civil society active ...
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Article 19 et al., here . Activating the full DMA's potential (Episode XX, still only scratching the surface): "Article 27 Infor...
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Cleary Gottlieb Steen & Hamilton, here.
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TechCrunch, here . The abandoned Adobe/Figma merger? Hats off to the CMA. It deserves a pat on the back, not a muzzle.
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