The Reality and Future of E-Commerce in Yemeni Legislation

Abstract

This study explores the reality and future of e-commerce within the framework of Yemeni legislation, focusing on its concept, forms, nature, advantages, and disadvantages. It also discusses payment and settlement systems in e-commerce, and examines the impact of e-commerce on money laundering. E-commerce has transformed the world into a global marketplace for institutional products through the Internet, relying primarily on electronic payment systems. Therefore, any country that seeks to adopt e-commerce as a new horizon must provide the necessary requirements to transition toward a digital trade system. With the widespread global expansion of e-commerce, many countries around the world, along with numerous regional and international organizations and bodies, have sought to establish a legal framework for regulating electronic commerce, defining the rights and obligations of its parties. Therefore, it has become necessary for various Arab countries to keep pace with these developments by enacting specific laws to regulate this new phenomenon. However, in the case of Yemen, no specific law has been issued to regulate electronic commerce. Nevertheless, the study concluded that there are serious efforts in Yemen aimed at advancing electronic commerce in various fields, despite the country's complex political and economic crises and its delay in the field of information and communication technology, which is considered the main pillar of electronic commerce.