Tag archives: regulation

Proposed Canadian law to regulate social media companies and streaming giants

In late June of 2021, Members of Canada’s Parliament passed Bill C-10: An Act to amend the Broadcasting Act and to make related and consequential amendments to other Acts. The Bill proposes to subject social media platforms and streaming services, collectively described in the Bill as ‘online undertakings’, to requirements similar to those imposed on traditional television and radio broadcasting companies in Canada. For example, this proposal could include requiring these companies to contribute financially to the production of Canadian cultural industries. The proposed changes aim to harness the explosive popularity of social media and streaming sites to support … Continue Reading

Growth of Digital Payments on Social Networks

A recent UN study reveals that rapid growth of social networks and e-commerce platforms has driven financial inclusion, economic activity and security in practically all countries and in particular China. The report highlights that popular applications WeChat and AliPay have developed into some of the largest and most sophisticated financial ecosystems in the world. For example, AliPay was first launched in 2004 and by 2016 AliPay was processing 175 million transactions per day, and more than half through a mobile phone. … Continue Reading

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