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Venezuelan Electronic Commerce Law as it is …

November 13, 2014

The president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, stressed that although the Law regulating virtual transactions was necessary, it stipulates several “inapplicable” requirements.

The Law as drafted contains articles that are incompatible with the nature of electronic commerce. «They are forcing in the articles, a certificate from Suscerte (Superintendency of Electronic Certification Services) that was even from a law that was promulgated in 2001 on electronic signatures (…) Nobody is going to enter a page (web) that immediately says ʻus data at this time will be stolen and may be subject to identity theft, or they first modify that regulation (…) or it is not possible to legislate on specific technology but to give it openness ”.

He added that, with respect to the sanctions in electronic commerce established by the new regulations, the amount of the monetary penalties are above the prices of the items offered in the virtual market.

via Cavecom-e: «Electronic Commerce Law as it is is inapplicable» | NTN24.

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