Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Is Dogecoin On Life Support? Analyzing Its Recent Price Downturn

    October 4, 2023

    UK & Ireland sole bidder for Euro 2028 after Turkey withdraws to focus on Euro 2032

    October 4, 2023

    Nobel Prize in chemistry goes to US-based trio for work on tiny quantum dots

    October 4, 2023
    Facebook Twitter Instagram
    • About Us
    • Contact Us
    • Disclaimer
    • DMCA
    • Privacy Policy
    Facebook Twitter Instagram Pinterest Vimeo
    Weis
    • Home
    • Crypto
      1. Cryptocurrency Live Price
      2. View All

      Is Dogecoin On Life Support? Analyzing Its Recent Price Downturn

      October 4, 2023

      UK & Ireland sole bidder for Euro 2028 after Turkey withdraws to focus on Euro 2032

      October 4, 2023

      Nobel Prize in chemistry goes to US-based trio for work on tiny quantum dots

      October 4, 2023

      Resilience expands cyber insurance coverage to £10 million

      October 4, 2023

      Is Dogecoin On Life Support? Analyzing Its Recent Price Downturn

      October 4, 2023

      XRP Jumps 4% Following Another Ripple Win Against SEC, BTC Stalls Above $27K (Market Watch)

      October 4, 2023

      Microsoft CEO Says AI Could Only Tighten Google’s Stranglehold on Search

      October 4, 2023

      Bitcoin As A Foundation For Community Building

      October 4, 2023
    • Insurance

      Resilience expands cyber insurance coverage to £10 million

      October 4, 2023

      California regulator settles with insurtech and underwriter over claims mishandling

      October 4, 2023

      Talkowski to Lead Nationwide Middle Market Commercial Lines Team; Showalter New Head of Client Experience at Hub Private Client

      October 4, 2023

      AdvantageGo announces partnership with Beat Capital Partners

      October 4, 2023

      United of Omaha Life settlement reached by DOL to reform evidence of insurability

      October 4, 2023
    • International News

      Nobel Prize in chemistry goes to US-based trio for work on tiny quantum dots

      October 4, 2023

      UK universities take £41m in fossil fuel funding since 2022 | Fossil fuels

      October 4, 2023

      Teen faces murder charge for Thailand shopping mall shooting spree | Gun Violence News

      October 4, 2023

      Ukraine war latest: Putin suffers loss of 261 troops in 24 hours as Kyiv offensive gains momentum

      October 4, 2023

      Indian soldiers missing in flash flood – DW – 10/04/2023

      October 4, 2023
    • Politics

      Trump civil trial continues for a third day in New York City

      October 4, 2023

      Rishi Sunak set to scrap HS2 line from Birmingham to Manchester in Tory conference speech – UK politics live | Politics

      October 4, 2023

      McCarthy on if he’ll remain in Congress: ‘I’ll look at that’ 

      October 4, 2023

      McCarthy became the latest victim of Trump’s extreme GOP revolution

      October 4, 2023

      All gassed up: Egypt’s ambitions to become a regional gas hub are dwindling | Oil and Gas News

      October 4, 2023
    • Sports

      UK & Ireland sole bidder for Euro 2028 after Turkey withdraws to focus on Euro 2032

      October 4, 2023

      Blue Jays-Twins Wild Card Game 2 preview: pitching matchups, x-factor, odds, analysis

      October 4, 2023

      Quietly dominant Zack Wheeler leads ring finger-waving Phillies to wild-card win as another playoff run begins

      October 4, 2023

      Phillies Displayed their Major Advantage Over Marlins in Game 1 Win

      October 4, 2023

      Bucks’ Khris Middleton Expects Himself, Giannis, Damian Lillard to Have Career Years | News, Scores, Highlights, Stats, and Rumors

      October 4, 2023
    • Tech

      The Pixel 8 Launch Is Today. Here’s How to Watch the Made by Google Event

      October 4, 2023

      NYT’s The Mini crossword answers for October 4

      October 4, 2023

      Samsung Galaxy S23 FE, Tab S9 FE, Buds FE (2023): Features, Specs, Price

      October 4, 2023

      Nintendo’s Wii U and 3DS online services will shut down in April

      October 4, 2023

      Krafton India launches gaming incubator to expand local ecosystem

      October 4, 2023
    • Shop
    Subscribe
    Weis
    Home»Crypto»Dystopian draft bill against ‘misinformation’ unveiled
    Crypto

    Dystopian draft bill against ‘misinformation’ unveiled

    AuthorBy AuthorJune 26, 2023No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A draft bill from the Australian government has warned technology and social media giants to remove false information from their platforms or be prepared to pay hefty fines.

    The new draft bill will see the country’s media regulator – the Australian Communications and Media Authority (ACMA) – armed with the power to oblige digital platforms such as Google and Facebook to maintain records about misinformation and disinformation on their platforms.

    These companies must provide these records at any time the ACMA asks.

    In addition, the ACMA will be able to request and implement an industry-wide “code of practice” introducing new measures to combat misinformation. The ACMA is able to develop and enforce its own industry standards.

    Draft Communications Legislation Amendment Bill. Source: Department of Infrastructure

    Any breach of this proposed new standard could see the tech giants pay a hefty maximum penalty with fines of up to $4.6 million ($6.88 million AUD) or 5% of global turnover. For perspective, 5% of Facebook’s parent company Meta’s global turnover amounts to approximately $5.3 billion ($8 billion AUD).

    According to a June 26 ABC report, Federal Communications Minister Michelle Rowland said the current Labor government is “committed to keeping Australians safe online.”

    The new bill will ensure that “the ACMA has the powers it needs to hold digital platforms to address error and disinformation on their services,” according to Rowland.

    Rowland added that the bill would allow AMCA “to look at the bottom of what the platforms are doing and what steps they are taking to ensure compliance.”

    Online safety is a shared responsibility. We all have a role to play in protecting Australians from scams, error and disinformation, and cyber abuse.

    Today I’m meeting with the Meta team, including their Global VP for Public Policy, Joel Kaplan, to discuss how we can do that. pic.twitter.com/l8BiKS1yee

    – Michelle Rowland (@MRowlandMP) June 6, 2023

    Some worry that the proposed legislation could have a significant impact on free speech, especially considering the bill’s definition of misinformation — which remains open to interpretation.

    The draft bill defines misinformation as “unintentionally false, misleading or deceptive content. Disinformation is defined as “false information intended to be disseminated to cause serious harm.”

    David Coleman, Shadow Minister for Communications from the opposition Liberal Party raised his concerns, saying “this is a complex policy area and government overreach must be avoided”.

    “[The] The public wants to know who decides whether a particular piece of content is misinformation or disinformation,” he added.

    Related: The blame game rages over the failed blockchain upgrade of the ASX’s CHESS system

    The public consultation for the Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2023 ends on Sunday, August 6.

    The Australian government has been pushing hard to bring in the tech giants for a long time. On August 12, Google coughed up a $40 million ($60 million AUD) fine for misleading Australian consumers about data collection.

    In February 2021, Facebook temporarily banned Australian users from viewing or sharing news content in their newsfeeds after a conflict with the government escalated over proposed media bargaining laws.

    Magazine: Crypto Regulation – Will SEC Chair Gary Gensler Have the Final Say?