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New EU Guidelines Ask Google, Digital Platforms To Disclose Search Ranking Criteria

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European Union (EU) guidelines released on Monday (Dec. These guidelines set the standard for algorithmic ranking transparency and will increase fairness in the online platform economy, which drives innovation and welfare for millions of Europeans,” Margrethe Vestager , digital chief, EU, said in a European Commission statement. .

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Reserve Bank Of India To Expand Digital Payment Options

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India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19 , but the nation of 1.3 To address grievances, the central bank will require payment system operators to introduce an online dispute resolution center. In July, the National Payments Corp.

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CDC Encourages Online Holiday Shopping To Keep Consumers Safe

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The Centers for Disease Control and Prevention ( CDC ) has some advice for holiday shoppers who prefer brick-and-mortar stores to online shopping: avoid crowds. The CDC suggested shopping online rather than in person on Black Friday or the days that follow. On Monday (Sept.

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China Issues First Guidelines For Ridesharing Industry

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A Cabinet document laid out the guidelines for registrations, fares, employment of drivers and how much they should get paid. It said it thinks the new rules will prompt new growth for China’s online ride-booking ecosystem. Didi has operations in around 400 of China’s cities and completed 1.4 billion rides last year.

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Lawmakers Call For Stricter Guidelines On NSA Data Collection

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Two lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency (NSA). The NSA has used Section 702 of the FISA Amendments Act to justify collecting and storing millions of Americans’ online communications,” according to the EFF.

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China Central Bank Creates AML Regulations For Online FIs

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The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). The European Commission (EC) is even planning to provide EU states with guidelines for handling national schemes to sell passports and residency permits to wealthy foreigners.

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Deep Dive: Digital ID Systems Wrestle With Ethics

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Many expanding technologies raise ethical implementation concerns, and digital ID’s extraordinary potential means coordinating clear and internationally accepted guidelines is increasingly necessary. Balancing the needs for privacy and verification is difficult for any online business lacking a clear-cut solution. as a guideline.

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