Remove Government Remove Laws Remove Rules
article thumbnail

New Facial Recognition Policy Signed Into Law In Washington State

PYMNTS

Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.

Laws 121
article thumbnail

US Treasury Proposes Sweeping New Disclosure Rules On Bitcoin, Other Cryptos 

PYMNTS

Treasury Department proposed sweeping new rules late Friday (Dec. 18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S.

Treasury 141
article thumbnail

Singapore Tightens China Remittance Rules in Light of S$13 Million Frozen Funds

Fintech News

However, a small proportion of recent remittances faced freezes by Chinese law enforcement agencies, with unclear reasons behind these actions. While Singapore has no jurisdiction over the frozen beneficiary bank accounts, the government remains in close contact with the PRC government to facilitate the decision on account unfreezing.

Rules 106
article thumbnail

UK Digital Markets Unit To Tighten, Enforce Big Tech Competition Rules

PYMNTS

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s The rules are set to take effect in April.

Rules 75
article thumbnail

Understanding Basics of Digital Personal Data Protection (DPDP)

VISTA InfoSec

This Act, which supersedes Section 43A of the IT Act, 2000 and the SPDI Rules, 2011, brings about considerable changes to the norms of data protection. The DPDP Act is lean and principle-based, with details around implementation to be set out in future rules. For upholding public order and ensuring safety. Clause 8(1), DPDP Act.

article thumbnail

India’s Proposed eCommerce Rules Will Force Big Tech To Turn Over Data 

PYMNTS

The regulator will have the authority to request information from tech firms and also enforce other Indian laws aimed at consumer protection and fair competition, the sources said. The move aligns with laws passed in 2019 that tech firms like Amazon and Walmart’s Flipkart are having trouble complying with.

Rules 73
article thumbnail

The Dark Side Of India’s New eCommerce Rules

PYMNTS

As has happened so far, India’s government said late last year that new eCommerce regulations would become the law of the land – at the end of this week, on Feb. Assuming no pushout or subsequent reworking of the rules, the laws would have the impact , as PwC and Reuters have noted, of hampering growth in eCommerce.

Rules 75