The Netherlands just blocked a US company from buying the app Dutch citizens use for everything

US enterprise services provider Kyndryl tried to acquire Dutch cloud specialist Solvinity, but The Hague has officially stopped the acquisition. Citing a potential security risk to the country's public interest, State Secretary for Digital Economy Willemijn Aerdts recently confirmed the takeover ban. The decision anticipates a potentially disruptive initiative designed to further promote European sovereignty in the digital market.