British Watchdog Closes Apple and Google App Store Probes
Britain’s competition authority has wrapped up its investigations into Apple and Google’s app stores due to pending legislation. The tech giants have come under global scrutiny for the dominance of their app platforms, which critics argue stifle competition and impose unfair charges on developers.
New Laws Awaited for Digital Markets
In 2022, the Competition and Markets Authority (CMA) in the UK conducted a study revealing Apple and Google’s stronghold on app distribution. As a result, the authority initiated investigations into potential anticompetitive conduct by both companies.
- The CMA recently announced the closure of the investigations.
- The probes are on hold until the Digital Markets, Competition, and Consumers Act (DMCCA) is enacted.
- Will Hayter, the CMA’s Executive Director for Digital Markets, expressed readiness to utilize the Act’s powers once implemented.
Implications for Apple and Google
Google emphasized the flexibility offered by its Android system, highlighting the availability of multiple app stores. The company engaged in dialogues with the CMA and committed to expanding billing options for developers on Google Play.
- Apple has not yet provided a statement in response to the watchdog’s actions.
Hot Take: What This Means for You
As a crypto enthusiast, staying informed about regulatory changes impacting tech giants like Apple and Google is crucial. The closure of the CMA investigations hints at potential shifts in how digital markets are governed, which could have ripple effects on the crypto landscape in the future. Keep an eye on developments in this space to gauge how these changes might influence your crypto journey.
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