Petaling Jaya, 26th September 2022 - With cyber fraud at an all-time high, the government is looking at a comprehensive law to bring online businesses under close control.
A special task force is conducting a review to pave the way for a new licensing mechanism, with existing regulations to be amended.
Deputy Domestic Trade and Consumer Affairs Minister, Dato’ Rosol Wahid, who disclosed this, said the ministry was mulling a special licence for online businesses to protect consumers from scams.
“Online business and digital transactions are becoming a trend. It is important to ensure digital transactions and online businesses on platforms such as marketplace, social media, websites and shopping apps are conducive and safe besides being user-friendly.
"We also plan to amend existing regulations to allow for the new licensing mechanism," he told The Star.
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The Star’s article attached.
