The British government has scrapped its plans for introducing an outline for e-commerce legislation this coming Tuesday. Prime Minister Tony Blair said the government will instead take a hands-off approach toward regulating e-commerce.
According to Prime Mister Blair, direct research by the government indicates that e-commerce is doing extremely well, both internationally and within the UK. "It means we have a strategy which strikes a balance between protecting society from criminals and creating the best environment in the world to do e- business," he said.
He also said that British e-commerce firms would have suffered had the government established the laws to regulate online trading.