Europe may restrict Microsoft, Amazon, and Google from handling sensitive government data
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Connecting the dots: Despite all being US-based ventures, cloud corporations now control the overwhelming majority of the world's sensitive data. However, Europe would very much like to change the status quo with a soon-to-be-approved regulatory package.
According to people familiar with the matter, the European Commission is preparing yet another unpleasant regulatory surprise for the current US administration. CNBC talked with two unnamed EC officials, who outlined the significant change that the upcoming "Tech Sovereignty Package" (TSP) might bring to the cloud computing market.
The EC – Europe's executive cabinet and one of its main governing institutions – is expected to introduce the new package later this month, providing some important measures to support the continent's digital self-reliance. Cloud computing is one of the most important tools sustaining today's digital economy, and the...
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