Indian government creates body with power to order social media content takedowns
Amendments to the nation's Information Technology Rules[PDF] last Friday allow the creation of Grievance Appellate Committees that citizens can petition if social networks and other online services don't act on their takedown requests.
"Therefore we have created appellate committees so that those citizens who are dissatisfied with the grievance addressal mechanism of a platform have the ability to appeal."the Committees as"a government censorship body for social media that will make bureaucrats arbiters of our online free speech." Although the city-state would prefer consumers avoid retail digital payment tokens , it has acknowledged it's not likely to stop them and has taken an"if you can't beat them, regulate them" approach.
But even though MAS is putting out these regulations, it still wants to put the onus on the people for any losses. The first step for the proposals is a feedback gathering stage. Any passed regulations will harbor a six to nine month transition period so affected parties can adjust.China's digital currency, the e-CNY, was the most-used token in a cross-border central bank digital currency trial, according to a report published by the Bank of International Settlements .