Berlin: Social media giant Facebook will get stricter regulations from the German government, Justice Minister Katarina Barley said on Monday after meeting with the Facebook representatives here.
Facebook has admitted its mistakes with users' data and promised the case would not happen again, Xinhua quoted Barley as saying.
"But the promise is not enough to us. We must regulate companies like Facebook in future much more strictly," Barley stressed.
Barley will also meet with senior Facebook executives soon to discuss the company's role in ongoing data-handling scandal and how it sought to address privacy issues, local media reported.
Barley demanded a "comprehensive investigation" into whether German users were affected by the illegal use of information from millions of Facebook profiles during "electoral strategy" work by UK-based data company Cambridge Analytica for President Donald Trump's presidential campaign and the British Leave campaign during the Brexit referendum.
Barley said that it was possible that Facebook would have to provide full transparency on its algorithms as a consequence of judicial investigations.
Barley described the social network as a "threat to democracy and the rule of law".
She further emphasized that it was the responsibility and right of the European Union (EU) and its member state governments to determine the rules of the game by which tech companies must operate in the bloc.
Amongst others, Facebook's European chief lobbyist Richard Allen is scheduled to attend the meeting at the German ministry of justice.
The US social media giant has rejected any accusations of wrongdoing and instead blames Cambridge Analytica, the London-based company without any formal ties to the prestigious university, for a "breach of trust".
According to media reports, Cambridge Analytica used an application designed by the Russian academic Aleksandr Kogan to illegally access the data of around 50 million Facebook users. The information was used in the process of targeted campaign adds to sway voters in favor of casting their ballot for US President Donald Trump.
Politicians of German Social Democrat, which is part of the "grand coalition", have called for tighter regulations on so-called "micro targeting" with online advertisements in reaction to the revelations.
There was an urgent need for "verifiable transparency guidelines" in the selection and use of data by algorithms, SPD digitalization spokesperson Jens Zimmerman told the newspaper Handelsblatt on Monday.
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Mumbai, Mar 28: The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday.
The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of the RBI, it added.
"The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024 at the 19 issue offices of the Reserve Bank of India due to operations associated with the annual closing of accounts," it said.
On May 19, 2023, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system at the close of business on February 29, and only about Rs 8,470 crore worth of the withdrawn notes are still with the public.
People can deposit and/or exchange Rs 2,000 bank notes at the 19 RBI offices across the country.
People can also send Rs 2,000 bank notes through India Post from any post office to any of the RBI issue offices for credit to their bank accounts in India.
Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30, 2023. The deadline was later extended to October 7, 2023. Deposit and exchange services at bank branches were discontinued on October 7.
Starting October 8, 2023, individuals have been provided with the choice of either exchanging the currency or having the equivalent sum credited to their bank accounts at the 19 offices of the RBI.
The 19 RBI offices depositing/exchanging the bank notes are in Ahmedabad, Bengaluru, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, and Thiruvananthapuram.
The Rs 2,000 bank notes were introduced in November 2016, following the demonetisation of the then Rs 1,000 and Rs 500 bank notes.