Ireland expected to lose importance in the coming Digital Services Act package
Ireland’s significance in regulating digital technologies, particularly on data privacy, is expected to diminish under the upcoming Digital Services Act package, which centralizes digital regulation power in the hands of the European Commission in Brussels. This shift away from Ireland’s former role is anticipated to continue in future legislation as well.
Under the GDPR regime, Ireland used to be a significant regulator of digital technologies on data privacy as many Big Tech companies reside within its borders due to its favourable taxation schemes. Under the coming Digital Services Act (DSA) package, however, experts warned that Ireland’s role will be less important than it was before. Both the DSA and Digital Markets Act (DMA) stressed a more centralised digital regulation regime, one that concentrates in Brussels’ hands. The European Commission would be the major supervisor of very large online platforms (VLOPs) in the contexts of the DSA and the sole regulator of the DMA. Experts expected this stronger hold of digital regulation power by the EU to continue for future legislation as well.
Source: CNBC