PLUS: Warnings on Chinese payment schemes; AWS brushes up its Cantonese; Hong Kong ponders digital dollar; and more!
India's government last week released a draft telco law that defines all over-the-top services as telecoms providers and therefore makes them subject to the same regulations imposed on carriers.[PDF] defines a telecommunications service as including"broadcasting services, electronic mail, voice mail, voice, video and data communication services" delivered over fixed or mobile networks. The Bill mentions over-the-top communication services, too.
The US House Financial Services subcommittee on National Security, International Development, and Monetary Policy last week considered whether payment systems operated in countries like China and Russia represent a threat – and was advised they probably do. global fellow at the Wilson Center Scott Dueweke, who pointed out this number"dwarfed" transactions conducted on other platforms during 2021.
The bill, which has been in the works since 2016, also authorizes the formation of an oversight body to issue fines to violators.