Navigating the Digital Marketplace- A Deep Dive into the Regulation on Electronic Commerce 2019

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Summary:

The Regulation on Electronic Commerce 2019 aims to regulate and facilitate online transactions by outlining key provisions. These include licensing and registration, consumer protection, and stringent rules against fraudulent activities. The regulation has contributed to formalizing the e-commerce landscape, striking a balance between facilitating ease of business and safeguarding consumer interests. While the regulation has its limitations, such as regulatory complexity and implementation challenges, it has set the groundwork for a more secure and formalized digital marketplace.