The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.

The unified service will begin rolling out in US this week for fundraisers, in-game purchases, event tickets, and person-to-person payments.

Facebook's Nick Clegg said data-sharing across jurisdictions is more important than where that info is located physically.

Facebook counters Ambani, says ‘data is not new oil’.

Stories will appear in a section called the 'news tab,' which will be separate from the traditional news feed.

The top court issued notice to the Centre, Google, Twitter, YouTube and others and sought their response by Sept 13.

The company has a mission to create 20 million entrepreneurs by 2020.

In addition to paying the penalty, Facebook has agreed to new restrictions and a modified corporate structure.

Federal Trade Commission said the penalty was the largest ever imposed on any company for violating consumers' privacy.

The real question, remains what type of restrictions and requirements will be placed on FB to ensure future compliance.