Material**: Great Hural of Mongolia
In Mongolia's history, two major initiatives to promote digitalization through legal and institutional change have been born. Today, at a meeting of the Standing Committee on Innovation and e-Policy of the National Parliament, the Chairman of the Committee, EBatshugar said that new legislative initiatives will be introduced to facilitate company formation and banking, while improving data security and privacy protection.
Among these new laws, through the introduction of 120 supplementary and amending bills, and the assistance of the Standing Committee on Innovation and e-Policy, it is planned to innovate data technology through legal reform to provide services in a more convenient, reliable and secure way. E., who is responsible for the ActBatshugar said this will prompt companies to submit applications from 11 different departments in a ** manner and will allow 100 percent of bank transactions to be transferred to the ** platform. This is of great significance for the development of digital banking and fintech.
In addition, under the new law, archives and public service documents must be archived in the form of electronic documents, which will help reduce errors and confusion between agencies. Electronic documents now have the same legal status as paper documents, and this change will greatly simplify and improve efficiency.
Although the law requires the protection of the confidentiality of personal data, departmental regulations must clearly specify the circumstances in which paper documents must be provided. The changes and changes to these laws aim to eliminate redundancies, facilitate data sharing between **, and ensure that laws and regulations remain relevant in the digital age.
The Standing Committee on Innovation and e-Policy has taken a number of important initiatives over the past few months to advance the process of digital legislation. These new laws will open up new possibilities for Mongolia's digital transformation, providing more opportunities for e-banking and digital services.
Chairman of the Committee, ESpeaking at the first meeting of the Parliament's Standing Committee on Innovation and e-Policy, Batshugar said that the laws would be introduced in the near future and called on everyone across the country to work together to ensure Mongolia's success in the digital age.