Legal and Regulatory Frameworks for Startups
LAWS FOR E-COMMERCE BUSINESSES
Transaction and Cyber Crimes Law
If you are aiming to launch an e-commerce startup, you will need to be aware of the Electronic Transaction Law and the Cyber Crimes Law. For instance, you will receive a penalty if you inadvertently promote prohibited or offensive materials or goods that could be harmful to society or local cultural beliefs.
All e-commerce companies must also be aware of the Electronic Transaction Law. The law imposes specific rules and obligations in respect to processing, storing, handling of data.