Not speaking from authority, but I’d actually think the EU would prohibit it. With all their flaws etc. like everywhere, the EU at least has definitely shown some balls on more than a few occasions in the recent past. They’ve refused to capitulate on a number of issues with major companies - the first one that comes to mind is the e-waste reduction policy that led to Apple starting to use the USB-C standard. If Apple had their way, they’d continue using proprietary cables until the end of time, all to make more money off something that offers no advantage and only adds more poison to the earth and takes more money from the customer. Standing up to them demonstrated that the EU at least has the stones to do that, and isn’t entirely owned by the rich corps yet. In the U.S.A. what happens is that companies like Apple tell the government to jump and they ask “how high?”
It depends, the EU is owned by the banks instead of every corporation like America. If Deutsche Bank decides it is worth their while to implement this like capital one just did in the US, it is over and the European Parliament will immediately capitulate like they always do to the banks.
Hell, in central Europe like here in Belgium, banks (pushed by corpos like Bancontact) are literally taking away people’s ability to use cash by silently removing all cash accepting ATMs so business owners need to travel sometimes 30-60minutes every day if they want to deposit cash and the EU and Belgian governments are sucking off bank lobbyists instead of tackling it.
They are strict against big tech, which is why in the past year, big tech has moved to the #1 position of money spent bribinglobbying politicians, second to banks, because it works so well for the banks.
Not speaking from authority, but I’d actually think the EU would prohibit it. With all their flaws etc. like everywhere, the EU at least has definitely shown some balls on more than a few occasions in the recent past. They’ve refused to capitulate on a number of issues with major companies - the first one that comes to mind is the e-waste reduction policy that led to Apple starting to use the USB-C standard. If Apple had their way, they’d continue using proprietary cables until the end of time, all to make more money off something that offers no advantage and only adds more poison to the earth and takes more money from the customer. Standing up to them demonstrated that the EU at least has the stones to do that, and isn’t entirely owned by the rich corps yet. In the U.S.A. what happens is that companies like Apple tell the government to jump and they ask “how high?”
It depends, the EU is owned by the banks instead of every corporation like America. If Deutsche Bank decides it is worth their while to implement this like capital one just did in the US, it is over and the European Parliament will immediately capitulate like they always do to the banks.
Hell, in central Europe like here in Belgium, banks (pushed by corpos like Bancontact) are literally taking away people’s ability to use cash by silently removing all cash accepting ATMs so business owners need to travel sometimes 30-60minutes every day if they want to deposit cash and the EU and Belgian governments are sucking off bank lobbyists instead of tackling it.
They are strict against big tech, which is why in the past year, big tech has moved to the #1 position of money spent
bribinglobbying politicians, second to banks, because it works so well for the banks.