{"id":532951,"date":"2022-12-31T13:00:34","date_gmt":"2022-12-31T10:00:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-to-expect-in-2023\/"},"modified":"2022-12-31T13:00:34","modified_gmt":"2022-12-31T10:00:34","slug":"what-to-expect-in-2023","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-to-expect-in-2023\/","title":{"rendered":"#What to expect in 2023"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28ff8c046eb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28ff8c046eb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-to-expect-in-2023\/#%E2%80%9CWhat_to_expect_in_2023%E2%80%9D\" >&#8220;What to expect in 2023&#8221;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/what-to-expect-in-2023\/#Get_your_tickets_for_TNW_Valencia_in_March\" >Get your tickets for TNW Valencia in March!<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/what-to-expect-in-2023\/#Tighter_security\" >Tighter security<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/what-to-expect-in-2023\/#Algorithmic_accountability\" >Algorithmic accountability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/what-to-expect-in-2023\/#Follow_the_money\" >Follow the money<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/what-to-expect-in-2023\/#Opening_access\" >Opening access<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhat_to_expect_in_2023%E2%80%9D\"><\/span>&#8220;What to expect in 2023&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">The European Union has an unusual IT strategy. While the US prioritizes the development of global tech giants, the EU focuses on becoming the sector\u2019s leading regulator.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In 2022, the bloc launched two sweeping sets of stringent new rules: the Digital Markets Act (DMA), which seeks to bolster competition in online services, and the Digital Services Act (DSA), which aims to protect people from online harm. Analysts expect the regulatory drive to accelerate next year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe only thing we can be certain about is that there will be more regulation next year, and increased enforcement of it,\u201d said Alan Calder, CEO of <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.grci.group\/\"><span style=\"font-weight: 400;\">GRC International Group<\/span><\/a><span style=\"font-weight: 400;\">, a global provider of IT governance, risk management, and compliance solutions.\u00a0<\/span><\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\">\n<h4><span class=\"ez-toc-section\" id=\"Get_your_tickets_for_TNW_Valencia_in_March\"><\/span>Get your tickets for TNW Valencia in March!<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The heart of tech is coming to the heart of the Mediterranean<\/p>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">To gauge the details, TNW asked IT experts across the bloc what they predict from the EU\u2019s policies in 2023. All expect significant changes in legislation, with certain technologies particularly prominent in their forecasts.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tighter_security\"><\/span>Tighter security<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Our experts expect significant developments in cyber security regulation. <\/span><span style=\"font-weight: 400;\">Kostas Rossoglou, <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shopify.com\/\"><span style=\"font-weight: 400;\">Shopify\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> Head of Public Policy and Government Affairs for EMEA and International, highlighted the importance of the Digital Operational Resilience Act (DORA).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recently-adopted regulation aims to harmonize the financial sector\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to cybersecurity. To comply with the rules, organizations will need to review legacy IT systems and potentially invest in new software potential investment in new software. This may be costly in the short term, but Rossoglou is optimistic that it will pay off. He expects levels of security to increase, thereby limiting attacks, reducing downtime, and saving cash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAlthough it will be a couple of years before mandatory compliance, it will eventually put financial organizations in a much stronger position for handling outages, leaks, unauthorized access, and data loss,\u201d he said. \u201cWithin the highly sensitive information that the financial sector holds, this is incredibly important.\u201d<\/span><\/p>\n<blockquote class=\"c-richText__pullQuote\">\n<div class=\"c-richText__pullQuoteGradient\">\n<p class=\"c-richText__pullQuoteQuote\">\u201cIt\u2019s never too soon to be aware.\n            <\/div>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Another proposal working its way through the EU is the Cyber Resilience Act. This regulation will establish cybersecurity requirements for connected devices, which will provide consumers with transparency on practices, testing, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> functions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The legislation is currently going through a consultation process. Rossoglou recommends organizations keep a close eye on its progress next year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt is likely to be a year or two before it is finalized and then organizations will be given a 24-month transition period to comply,\u201d he said. \u201cHowever, it is never too soon to be aware of upcoming changes. Regularly monitoring for updates will ensure that businesses are prepared for the changes in good time.\u201d\u00a0<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1393303 js-lazy\" alt=\"Kostas Rossoglou, Shopify\u2019s Head of Public Policy and Government Affairs for EMEA and International\" width=\"1280\" height=\"720\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International.jpg\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-1200x675.jpg 1200w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Ftech%2F2022%2F12%2F31%2Feu-tech-policy-predictions-2023%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: This is a picture of Kostas Rossoglou, Shopify\u2019s Head of Public Policy and Government Affairs for EMEA and International.\" data-title=\"Share This is a picture of Kostas Rossoglou, Shopify\u2019s Head of Public Policy and Government Affairs for EMEA and International. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share This is a picture of Kostas Rossoglou, Shopify\u2019s Head of Public Policy and Government Affairs for EMEA and International. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>This is a picture of Kostas Rossoglou, Shopify\u2019s Head of Public Policy and Government Affairs for EMEA and International.<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1393303\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International.jpg\" alt=\"Kostas Rossoglou, Shopify\u2019s Head of Public Policy and Government Affairs for EMEA and International\" width=\"1280\" height=\"720\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Kostas-Rossoglou-Shopifys-Head-of-Public-Policy-and-Government-Affairs-for-EMEA-and-International-1200x675.jpg 1200w\"\/><\/noscript><\/figure>\n<p><span style=\"font-weight: 400;\">Indeed, these preparations could become increasingly crucial. Calder predicts new EU rules to be accompanied by stricter enforcement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe whole area of cyber security will, in particular, experience a ratcheting up in terms of regulation, and regulatory enforcement as the EU Commission moves to force organizations to take cyber security steps they\u2019re failing to take voluntarily,\u201d he said.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Algorithmic_accountability\"><\/span>Algorithmic accountability<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The EU is also developing new regulation for artificial intelligence, which is based on the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>\u2019s potential to cause harm. Named the AI Act, the legislation will force anyone who wants to use, build, or sell AI products and services within the EU to follow the rules.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt is expected that the legislation will set a precedent for other jurisdictions to evolve or follow,\u201d said Matt Peake, Global Director of Public Policy at ID verification firm <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/onfido.com\/\"><span style=\"font-weight: 400;\">Onfido<\/span><\/a><span style=\"font-weight: 400;\">. \u201cThe framework is designed to be risk-based, so that the level of regulation will depend on the level of risk.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.accenture.com\/content\/dam\/accenture\/final\/a-com-migration\/r3-3\/pdf\/pdf-179\/accenture-responsible-by-design-report.pdf#zoom=40\"><span style=\"font-weight: 400;\">a global survey by Accenture<\/span><\/a><span style=\"font-weight: 400;\">, the rules will have a deep impact. Some 95% of respondents said at least part of their business will be affected by the EU regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accenture\u2019s researchers expect a risk management framework to become necessary for compliance with the AI Act. They also predict the regulation will be adopted before the end of 2023, with a two-year grace period before the rules come into force. That timetable, however, may be less generous than it appears.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOur experience working with large organizations on major enterprise-wide compliance programs (e.g. GDPR, Responsible AI) suggests that it could easily take as long as two years to establish all the necessary controls they will need to be compliant,\u201d the research team wrote in a report.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Follow_the_money\"><\/span>Follow the money<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cryptocurrencies are becoming a focal point of tech regulation. In the EU, a growing range of controversies has led the bloc to develop new legislation for the sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI think 2023 will be a landmark year for crypto regulation,\u201d said Ivan Liljeqvist, cofounder and CEO of<\/span> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/moralis.io\/\"><span style=\"font-weight: 400;\">Moralis<\/span><\/a><span style=\"font-weight: 400;\">, a Web3 API provider.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Liljeqvist highlights the importance of the Market in Crypto Assets (MiCA) bill. In February, the European Parliament is expected to vote on the bill \u2014 the first comprehensive crypto regulation in the continent.\u00a0<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1393305 js-lazy\" alt=\"Ivan Liljeqvist, cofounder and CEO of Moralis\" width=\"1280\" height=\"720\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis.jpg\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-1200x675.jpg 1200w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Ftech%2F2022%2F12%2F31%2Feu-tech-policy-predictions-2023%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Ivan Liljeqvist, cofounder and CEO of Moralis.\" data-title=\"Share Ivan Liljeqvist, cofounder and CEO of Moralis. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Ivan Liljeqvist, cofounder and CEO of Moralis. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>Ivan Liljeqvist, cofounder and CEO of Moralis.<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1393305\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis.jpg\" alt=\"Ivan Liljeqvist, cofounder and CEO of Moralis\" width=\"1280\" height=\"720\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis.jpg 1280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-280x158.jpg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-240x135.jpg 240w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-480x270.jpg 480w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-796x448.jpg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Ivan-Liljeqvist-cofounder-and-CEO-of-Moralis-1200x675.jpg 1200w\"\/><\/noscript><\/figure>\n<p><span>With Big Tech getting into Web3 and the metaverse, competition is likely to heat up over the next few years \u2014 which could invite more regulatory scrutiny. The European Union recently introduced its Markets in Crypto Assets (MiCA) legislation, but even insiders from the EU Commission agree some of the phrasing around NFTs is ambiguous and even <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/streaklinks.com\/BSCIquerq101ANB8IQB1nIQl\/https%3A%2F%2Fwww.coindesk.com%2Fpolicy%2F2022%2F10%2F26%2Fnew-nft-rules-possible-if-lawmakers-ask-eu-official-says%2F\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/streaklinks.com\/BSCIquerq101ANB8IQB1nIQl\/https%253A%252F%252Fwww.coindesk.com%252Fpolicy%252F2022%252F10%252F26%252Fnew-nft-rules-possible-if-lawmakers-ask-eu-official-says%252F&amp;source=gmail&amp;ust=1671733832358000&amp;usg=AOvVaw1xILfEXHOsT-W9NFpTsBZC\"><span>straight-up inaccurate<\/span><\/a><span>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The proposals could become integral to the European Commission\u2019s future digital finance strategy. In addition, they may provide a reference point for other regulatory bodies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhile the bill is unlikely to be rolled out until the end of the year, whenever we are dealing with legislative firsts I think the expectancy is for legislators to be cautious and over-regulate rather than under-regulate,\u201d said Liljeqvist.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWhat I want to see, and what I think others in the market want to see, is regulation that is sensible rather than stifling, protecting the principles of innovation and competition. I believe the most important thing is for the bill to be open-minded and flexible enough to be revised depending on how markets develop.\u201d<\/span><\/p>\n<p><span><span style=\"font-weight: 400;\">Liljeqvist wasn\u2019t alone in expressing caution. <\/span>Jake Stott, CEO of Web3 creative agency <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/streaklinks.com\/BSCIquafX0xn8dDWygmFGOt2\/https%3A%2F%2Fhy.pe%2F\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/streaklinks.com\/BSCIquafX0xn8dDWygmFGOt2\/https%253A%252F%252Fhy.pe%252F&amp;source=gmail&amp;ust=1671733832357000&amp;usg=AOvVaw0Rr13tSRzSSx5aruNQxgxU\"><span>Hype<\/span><\/a><span>, is concerned about the impact on the market.\u00a0<\/span><\/p>\n<p><span>\u201cAs tech behemoths like Meta, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a>, Google and Apple continue to venture into Web3 and NFTs, the regulatory situation could quickly escalate, triggering even more uncertainty in the market.\u201d<\/span><\/p>\n<blockquote class=\"c-richText__pullQuote\">\n<div class=\"c-richText__pullQuoteGradient\">\n<p class=\"c-richText__pullQuoteQuote\">\u201cThey must move at a faster pace.<\/p>\n<\/p><\/div>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Some critics, however, argue that the EU needs to be quicker to regulate the sector. Martin Magnone, co-founder and CEO of credit company <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tymit.com\/\"><span style=\"font-weight: 400;\">Tymit<\/span><\/a><span style=\"font-weight: 400;\">, believes the new legislation will only start to make an impact in 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIf the EU is to successfully take a stronger stand, they must move at a faster pace in line with industry movements,\u201d he said.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Opening_access\"><\/span>Opening access<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The payment sector, meanwhile, is preparing for the European Commission\u2019s review of the PSD2, an EU regulation for online transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Industry insiders have high hopes for the review, which is slated for 2023. They believe it could lead European SMEs and consumers to receive better payment outcomes \u2014 at a better price.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Under the current rules, only credit institutions can access European payment schemes. As a result, non-banks and more innovative firms must go through traditional banks to benefit from the schemes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThis creates dependencies on credit institutions and their legacy systems; single points of failure; and increases the cost of payment services offered by non-credit institutions to European SMEs and consumers,\u201d said Elanie Steyn, Director of Operations at payments platform <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.modulrfinance.com\/\"><span style=\"font-weight: 400;\">Modulr<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cShould the PSD2 review include consideration on which institutions can directly access and settle European payments, the impact could be seismic. Opening access has the potential to level the playing field, create greater competition, and lower payment costs for all Europeans.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Indeed, many of the experts we spoke to expect the EU to prioritize open access.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe EU\u2019s main focus for 2023 will still be the Big Tech platforms and achieving their goal of making them more open and interoperable,\u201d said Tymit CEO<\/span> <span style=\"font-weight: 400;\">Martin Magnone<\/span><b>.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe measures introduced so far to moderate the monopoly of large tech companies, from labor laws to taxes, have only been partially effective and not yet produced the desired effects. In 2023, we will see the EU make further strides to remedy this and achieve its open access goals.\u201d<\/span>\n                        <\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/eu-tech-policy-predictions-2023\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;What to expect in 2023&#8221; The European Union has an unusual IT strategy. While the US prioritizes the development of global tech giants, the EU focuses on becoming the sector\u2019s leading regulator. In 2022, the bloc launched two sweeping sets of stringent new rules: the Digital Markets Act (DMA), which seeks to bolster competition in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":532952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/12\/Untitled-design-3-2.jpg&signature=d2376547395c8d9c9a68c16fb5822189","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-532951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=532951"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/532952"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=532951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=532951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=532951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}