Brazil is moving to fast-track its Fair Competition Act for Digital Markets, legislation modeled after the EU’s Digital Markets Act, amid concerns about social media platforms interfering in the country’s recent elections.
But the proposed legislation does little to address those concerns and could instead create new risks for Brazilians.
As we’ve seen in Europe, these regulations can give large social media companies greater access to sensitive personal data, weaken security protections, and limit innovation and consumer choice.
In our latest analysis, we explain why Brazil should learn from Europe’s experience and ensure that privacy, security, and consumers come first before rushing ahead with new regulations.