The online payment processing giant, PayPal has reversed course on a previously published policy that would have resulted in customers being fined $2,500 for disseminating false information. PayPal claims that the policy was released “in error.”
Earlier, it was reported that a revised PayPal Acceptable Use Policy (AUP) enlarged the company’s list of banned actions to include “the sending, posting, or publication of any messages, content, or materials that spreads deception or present a risk to user safety or wellbeing,” among other things.
According to a PayPal spokesperson:
Former PayPal President David Marcus, the world’s wealthiest man Elon Musk, and even cryptocurrency expert Michael van de Poppe have voiced their disapproval of the new “in error” policy.
The previous policy of PayPal already prohibited hate speech, intolerance, and discrimination; but, the new policy still could have made it clearly illegal to target certain protected groups as well as people or groups based on safeguarded traits.
For quite some time, many have charged PayPal with censorship, saying that the company picks and chooses which users’ content to remove based on its own subjective values and, of course, governmental mandates.
The payments giant has also stated its intent to investigate the flow of money to organizations with extremist or anti-government agendas.
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Source: Cryptocurrency - investing.com
