Bangladesh to introduce new law to regulate e-commerce

The government is planning to draft a new law to regulate the online business sector, which has been the subject of much conjecture in recent years.

Finance Minister AHM Mustafa Kamal revealed the plan while unveiling a Tk 7.6 trillion budget for the new fiscal year on Thursday, reports bdnews24.com.

In a bid to promote e-commerce beyond the traditional business models, the ‘Digital Business Identity Registration Guidelines, 2022 was issued last year in line with the ‘Digital Commerce Operation Guidelines, the minister noted.

It is now mandatory for digital commerce entities to secure a 'Digital Business Identity', and so far, as many as 620 businesses have done so, according to Kamal.

And now, the Digital Commerce Act, 2023 is being formulated to establish a Digital Commerce Authority (DCA), the minister said.