After the decision on Thursday, many eyes will also turn to Europe. Is the old world following suit and abandoning the principle of net neutrality in favour of competition with American corporations?
At present there is a regulation in force in Germany and in all EU Member States which only allows a few exceptions to net neutrality. The ‘zero rating’ of streaming services, for example, allows loading without loss or data volume. The principle itself, however, is repeatedly invoked by political decision-makers, including in the election programmes of the German parties currently struggling for the upper hand.
That is at least the fear of critical Bitcoin news
Furthermore, Andris Ansip, Vice President of the EU Commission responsible for the Bitcoin news, reassured on Twitter that “We will continue to protect net neutrality in Europe”. A spokeswoman for the Ministry of Economic Affairs also referred to the continuing European legal framework as a scam.
Nevertheless, critics now fear that exceptions such as the zero rating could be extended to Europe in the future. The fact that the American changes will be “indirectly felt” is due, for example, to the increased market power of the US company, says Klaus Müller, Chairman of the Federation of German Consumer Organisations, to ARD. Anyone who wants to be competitive in the future must therefore follow suit.
Consequences for Bitcoin formula and crypto currencies?
Criticism of the FCC hangelt it not least also from the booming scene around crypto currencies and their miracle child Bitcoin formula. This is due to the fact that, especially in times of astronomical prices and unprecedented media attention, transaction exchanges depend on high data volumes, fast data flow and processing without delay.
Without a valid legal framework that guarantees net neutrality, network operators and Internet providers could in future have the possibility of throttling the flow of data precisely where high user activity restricts net quality elsewhere – and this is particularly the case with crypto exchanges.
“The dissolution of network neutrality can pose a threat to Bitcoin miners and merchants by allowing network operators to restrict access to Bitcoin and