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Speakers at MediaNama's event on non-personal data concurred that regulations might not actually address antitrust concerns.
The junior IT minister also indicated that the government will spend more time deliberating on the Data Protection Bill.
Adding Shopee to the list of apps banned in India would spell deep trouble for Sea whose stock has plummeted.
The new requirement has drawn flak as red tape that may unduly impact individual registrants and startups.
The bill will require social media platforms to release month-wise and half-yearly breakdowns of their content moderation stats.
Consent, data localisation, and other compliance burdens are likely to reorder the online advertising industry for better or worse.