đš France just passed a WILD tax on internet traffic
11-10 vote (razor thin)
â ~$0.10 per GB of data transmitted
â Targets Netflix, YouTube, Meta
â Expected to pull in $12B/year
This is insane. Governments are getting desperate for revenue and going after Big Tech's infrastructure.
If this spreads to other EU countries, it could:
âą Push streaming costs higher
âą Accelerate decentralized alternatives
âą Create a real use case for Web3 CDNs
Watch how tech giants respond. Could be a catalyst for privacy/decentralized data solutions to pump.
11-10 vote (razor thin)
â ~$0.10 per GB of data transmitted
â Targets Netflix, YouTube, Meta
â Expected to pull in $12B/year
This is insane. Governments are getting desperate for revenue and going after Big Tech's infrastructure.
If this spreads to other EU countries, it could:
âą Push streaming costs higher
âą Accelerate decentralized alternatives
âą Create a real use case for Web3 CDNs
Watch how tech giants respond. Could be a catalyst for privacy/decentralized data solutions to pump.
