“Facebook has burned down the house over and over, and called every arson a learning experience,” said Democrat senator Sherrod Brown yesterday at the US Senate Banking Committee. Referring to Facebook’s venture into cryptocurrency with Libra, he added, “We would be crazy to give them [Facebook] a chance to experiment with people’s bank accounts, and to use powerful tools they don’t understand, like monetary policy, to jeopardise hardworking Americans’ ability to provide for their families”. These comments, made at a US Senate hearing on Libra cryptocurrency add to the chorus of skepticism across Washington. Key issues raised by Senators: "Can we trust Facebook with our money and economy?" Senator John Kennedy asked David Marcus, head of Facebook's Libra project, quite sarcastically, "Isn't it true, and I really want your opinion, that Facebook has chosen to advance a set of values in…
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Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
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