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Digital Single Market

Definition

The Digital Single Market refers to a unified economic area where the free movement of goods, services, capital, and persons is ensured through digital means, without internal borders. In the European Union, this initiative aims to remove barriers to online trade and digital services, fostering economic growth and competition. It seeks to standardize regulations and create a cohesive digital environment across member states. This concept extends to how digital assets and blockchain technologies might operate within such a harmonized zone.