“We are joining together to express our shared concerns about the privacy risks posed by the Libra digital currency and infrastructure,” reads the joint statement (see below) issued by the privacy commissioners of the US, the UK, the EU, Australia, Canada, Albania, and Burkina Faso on August 5. The statement says that these privacy risks go beyond just financial privacy due to Facebook’s “expansive categories of data collection on hundreds of millions of users”. The joint statement adds that while Facebook and Calibra have made “broad” statements about privacy, they have failed to specifically address the information handling practices that will be in place to secure and protect personal information. Calibra’s blog post says that user data might be shared in “limited cases”, but doesn’t specify those cases. The commissioners have asked Facebook a set of questions around their data protection plans for Libra; some of the most important ones are: How can global data protection and privacy enforcement authorities be confident that the Libra Network has robust measures to protect the personal information of network users? How will the Libra Association ensure that all processors of data within the Libra Network are identified, and are compliant with their respective data protection obligations? Where data is shared amongst Libra Network members: what data elements will be involved? to what extent will it be de-identified, and what method will be used to achieve de-identification? how will Libra Network ensure that data is not re-identified, including by use of enforceable contractual commitments…
- Interoperable Payment System For Net Banking To Be Launched This Year: RBI March 5, 2024
- What remains unclear about Indian Government’s advisory on AI models March 5, 2024
- Europe fines Apple €1.8 billion in Spotify antitrust probe, orders it to remove anti-steering provisions March 5, 2024
- Communication Ministry launches Digital Intelligence Platform for collaborative action against cybercrime March 5, 2024
- Meta’s GAC Orders in India More Than Double in January 2024: Transparency Reports March 5, 2024
This should facilitate quicker settlement of funds for merchants and also boost user confidence in digital payments, RBI Governor said.
While Chandrasekhar said the advisory doesn't include startups, the advisory itself does not make any such classification based on platform sizes.
Europe fines Apple €1.8 billion in Spotify antitrust probe, orders it to remove anti-steering provisions
The case dates back to 2019 when Spotify filed a complaint against Apple's anti-steering rules which prevented apps like Spotify from informing their users...
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Views: Response to NPCI CEO’s comments that what is not written in regulations is a no-go for fintech entities
NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...