Originally Posted by digitalfantasies

Because this goes much further than only financial transactions. Basically they want to know everything you are doing online, what you are buying, what you are selling what you are saying, with whom you are associating

All under the pretense of it being for our own protection.

"The DSA contains EU-wide due diligence obligations that will apply to all digital services that connect consumers to goods, services, or content, including new procedures for faster removal of illegal content as well as comprehensive protection for users' fundamental rights online."

"The Digital Services Act applies to a wide range of online intermediaries, which include services such as internet service providers, cloud services, messaging, marketplaces, or social networks. Specific due diligence obligations apply to hosting services, and in particular to online platforms, such as social networks, content-sharing platforms, app stores, online marketplaces, and online travel and accommodation platforms."


Scary stuff, but again. Can't really blame AWE for complying.
The new rules also make it much easier to fine non-compliant companies.