Luxemburg’s competition regulator, Autorité de la Concurrence, initiates a first-of-its-kind study to explore the relationship between blockchain-based products, services, and existing digital companies. The study aims to ensure competitive and well-functioning markets, assess competition, and identify potential anti-competitive practices within Web3 and blockchain-based firms.
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Luxembourg Competition Authority’s Pioneering Blockchain Market Study: What’s at Stake
The Luxembourg competition authority plans to conduct a first-of-its-kind market study into blockchain technology, aiming to evaluate competition between emerging blockchain-based companies and established Web2 businesses while examining potential anti-competitive practices against Web3 projects. This pioneering probe signifies a changing attitude towards the technology’s role in digital and environmental landscapes.