"This is not a simple yes or no question. In general however, I believe regulation should be approached with caution at this point. The digitech markets are still very dynamic, and that has to be taken into account. It should also be clear beforehand that specific regulation would achieve the goals it aims at and not be counterproductive: if innovation is considerably stifled, it cannot bring about its ethical potential. Therefore, I favor an approach that relies on ethical guidelines first, and in which all parts of society participate."
Christoph Lütge

January 1, 1970