SIGNIFICANCE OF REGULATION FOR ENHANCING ONLINE ACTIVITY

Abstract

Technologies somehow made this world a small village. A website gives access to everyone globally, regardless of state boundaries, who has internet facilities. In these circumstances, the question arises whether regulations are developing in the same manner as technologies? Are local or international laws regulating the transactions done in several countries. This article aims to discuss the role and contribution of regulations to promote business activity done on the internet in several states. There has been progress over time to regulate unlawful activities, but there is still a need to secure data, trade, IPOs, cyber security, online payment, and cultural norms to promote it business-friendly.