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Welcome to this weeks’ Social Media Law news.

Germany is taking a stance against hate speech on social media. Could this be a sign of things to come?

“Germany plans a new law calling for social networks like Facebook (FB.O) to remove slanderous or threatening online postings quickly or face fines of up to 50 million euros ($53 mln).

“This (draft law) sets out binding standards for the way operators of social networks deal with complaints and obliges them to delete criminal content,” Justice Minister Heiko Maas said in a statement announcing the planned legislation on Tuesday.”

Read the full story here.