The month of May has brought—despite the holidays and relatively nice weather—quite a bunch of significant news stories relevant to the European tech community. First of all, a few important decisions have been made by the EU authorities, including its hands-off approach to blockchain regulation, and the introduction of a 20 percent European content quota for video streaming platforms. On the corporate side of things, several major deals have been made on the market, namely an IPO, an acquisition, and a funding agreement that added one more European company to the “unicorn” club.
Scroll down to catch up with the most important news stories in European tech in May.
Europe’s privacy chief has slammed the so-called Privacy Shield—a planned EU-US agreement to facilitate the flow of personal data across the Atlantic. The European Data Protection Supervisor (EDPS), Giovanni Buttarelli, said that while he appreciates the efforts made to develop a solution to replace Safe Harbour,” “the Privacy Shield as it stands is not robust enough to withstand future legal scrutiny before the court.”