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The global vs. local dilemma: Crafting cross-border solutions for online safety
The Attack On Freedom Of Speech
October 03, 2023
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  • Bodies in Europe, North America and beyond are in the process of updating their digital governance policies.
  • Economic development and online safety would be best served by a multistakeholder alignment across digital jurisdictions.
  • Now is the time for multistakeholder, multinational solutions to digital governance.

On 25 August, a regulatory hammer came down on the 19 largest online platforms and search engines operating in Europe. Since then, major technology companies have been required to comply with the stringent provisions of the European Union's new Digital Services Act (DSA), a sweeping legislation that governs online speech and conduct.

Following these groundbreaking laws, the UK has completed action on its comprehensive Online Safety Bill, which will impose risk-based obligations on platforms that overlap with the DSA’s requirements in the coming year.

Countries with legislation either approved or under review include:

Fragmenting digital governance regimes

An assortment of digital governance rules also has been enacted or is pending in a host of countries, among them Australia, Brazil, the United States, India and Canada. Such recently enacted and proposed regulations aim to restrict both illegal and harmful-but-legal online content and behaviour within their respective jurisdictions.

However, this fragmented approach presents a dilemma. Although the internet is global, the laws governing it are local. The many perils arising from online content and behavioural abuses — cyber bullying, disinformation, deep fakes, gender harassment, child sexual abuse materials, election manipulation and more— do not stop at the borders, while the laws governing them do.

We can and must tackle this global/local dichotomy and increase alignment of democracies, while respecting jurisdictional sovereignty and fundamental rights. Both the World Economic Forum’s Global Coalition on Digital Safety and the Annenberg Public Policy Center’s Modularity Project agree — and they offer practical pathways to achieve this.

Although the actual risks of harm are the same across borders, the proposed legal frameworks and obligations differ widely, creating confusion, duplication, contradiction and expense for all. This regulatory quagmire also acts as a deterrent for small businesses seeking to launch global online services.

Exacerbating the issue, technology continues to race ahead — reshaping how we work, live and play, while regulation lags behind.

Take ChatGPT — the generative artificial intelligence app that splashed onto the scene last November 30. Just two months later, it boasted over 100 million active users, massively impacting digital tech policy. In reaction, the US Congress rushed to hold hearings. The European Parliament, then wrapping up negotiations on the Artificial Intelligence Act, scrambled to tack on specific provisions for generative AI, lest the regulation be out-of-date before the ink had dried.

Multistakeholder approaches to online safety

Now is the time for multistakeholder, multinational solutions.

Democracies need not wait for the negotiation of treaties or other labyrinthian diplomatic accords to improve online safety across borders while respecting fundamental rights and jurisdictional sovereignty. Platforms and civil society can partner with multiple governments right now to create practical, common rules of the road and systems to operate them.

The idea is called modularity. It is a co-regulatory approach in which multi-stakeholders work with governments to design and carry out specific functions, codes of conduct or protocols that are shared across jurisdictions to address common problems. Participating governments recognize the module’s output as consistent with their respective laws. Enforcement would remain a government function.

Other industries have deployed global modular governance systems for decades. For example, the International Accounting Standards Board, an independent, non-governmental non-profit board, sets international accounting rules for corporations that are recognized worldwide. Securities regulators from different countries serve on an advisory council, but have no authority over the accounting rules.

A tool gaining popularity in the digital governance toolbox is a requirement that platforms identify, assess, mitigate and disclose the potential risks from their online services. The DSASingapore’s Online Safety Act, the UK’s Online Safety Bill and legislative proposals in Brazil, the US and Taiwan all include some variation of a risk assessment requirement.

A module could be set up as a multinational risk assessment standards board. Formed by multiple stakeholders, the board would set out best practices for conducting risk assessments as well as standards and protocols for independent auditors seeking to review platform self-assessments.

                                               

The Coalition on Digital Safety

The Forum’s Coalition on Digital Safety is a concrete example of such coordination with its recently released framework for conducting risk assessments. The framework offers practical guidance on assessing the risks from online platforms and services of all types and sizes, regardless of jurisdiction. Coalition members included regulators from multiple governments, as well as industry experts, academics and civil society.

Right now, the European Commission is drafting detailed delegated rules to implement the DSA provisions requiring very large platforms to conduct risk assessments. At the same time, Ofcom, the United Kingdom’s regulator, is preparing to advise platforms on compliance with the Online Safety Bill. There is a way to satisfy key implementation challenges facing both laws (and others) with the same processes and standards.

When drafting implementation rules, policymakers should enable multistakeholder modules to perform well-defined tasks. And the module should be structured to enable experts or regulators from participating countries to join.

By adopting common, cross-border protocols, codes and systems, regulators can reduce government time and expense of producing customized rules without giving up their fundamental sovereignty. Crucially, it will help to align democratic governments on digital governance, avoiding further geographic splintering of the internet.

It will also streamline the regulatory landscape, making it easier for smaller platforms to thrive. And when the next ‘ChatGPT’ app suddenly goes viral, it will be far easier to update stakeholder modules than to amend government regulations.

It won’t be easy to craft, approve and manage the first modules. The EU understandably takes pride in the “Brussels Effect” of its expanding suite of digital regulations and may be reluctant to cede any drafting authority or oversight over digital rules, even though enforcement would remain within its remit.

But when regulators from several countries agree to work together with multistakeholders on practical solutions to common problems, it will set a course for greater international harmony and effective digital safety and governance outcomes.

It is urgent and timely for stakeholders to act now, steering policymakers towards a multinational modular approach to avert a regulatory quagmire in online safety. Multistakeholder organizations like the Forum’s Coalition are well-equipped to work with regulators toward that end.

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🇺🇸 One year ago today in Butler, Pennsylvania 🇺🇸

Today marks one year since the shocking assassination attempt on President Donald Trump—a moment that sent waves of concern and reflection throughout the nation and the world. On this day in 2024, the country witnessed a stark reminder of the volatility and intensity that can surround political life.

Thankfully, President Trump survived the attempt, and his resilience became a symbol of strength for many Americans. The event sparked renewed discussions about security, civil discourse, and the importance of unity in turbulent times.

As we look back, let us remember the importance of peaceful dialogue, and the enduring spirit that guides us through adversity.

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👀CEO OF SBI HOLDINGS YOSHITAKA KITAO: AFTER THE SEC CASE ENDS, XRP WILL BE A VERY HIGH PRI👀

"Related products, and then crypto assets, um, Ripple’s XRP. Well, regarding Ripple’s XRP, when I looked at the statement from their CEO the other day…

It seems he thinks that a court decision will come out in a few weeks.

If the decision is made and Ripple’s XRP is recognized as a coin, I think this will have a huge impact on the price. Since we are the main external shareholders, if we sell, we would realize significant capital gains, but even if we don’t sell, it would still be quite substantial in terms of valuation, I believe it will immediately move toward a public stock offering."

Translated via AI ~ Crypto Michael ⚡The Dinarian

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🚀 Bitcoin Hits New All-Time High – What’s Next?

Bitcoin reached a new peak of $118,254 on July 11, 2025, driven by institutional demand, favorable macro conditions, and supportive crypto regulations. With a 100%+ year-over-year surge, what's next for BTC?

🔮 Bitcoin Outlook

📆 Short Term (6–12 Months)

  • Expect volatility post-ATH
  • Spot BTC ETFs attract significant capital
  • Potential range: $95K–$135K

🕰 Medium Term (1–3 Years)

  • 2024 halving impact continues
  • More institutions may adopt BTC as reserve/collateral
  • Global regulatory clarity boosts confidence
  • Potential range: $120K–$200K+

🌐 Long Term (5–10+ Years)

  • BTC may solidify as digital gold
  • Used in cross-border settlements and emerging markets
  • Scarcity (21M cap) drives value
  • Bullish case: $250K–$1M+
  • Bearish case: $20K–$50K (if tech/regulatory risks rise)

📌 Key Drivers

  • Institutional adoption
  • Spot ETF flows
  • Crypto regulations
  • Fed interest rate policy
  • Lightning Network & Layer 2 scaling
  • Geopolitical uncertainty

💬 TL;DR:
Bitcoin’s $118K breakout ...

00:00:07
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
No Cash Society By 2032-33 👀
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🚨 Banks Could Roll Out XRP-Powered Payment Systems in Just Weeks, Experts Say 🚨

Banks worldwide are on the verge of a major payments revolution, with experts indicating that XRP-powered payment systems could be deployed in a matter of weeks—pending final regulatory approvals. This rapid rollout is set to transform cross-border transactions and modernize global banking infrastructure.

🔹 Why XRP?

  • Speed: XRP enables payments to settle in as little as three seconds, with near-zero failure rates, making it a top choice for international payments.

  • Cost Efficiency: By eliminating the need for pre-funding accounts in foreign countries, banks can free up capital and reduce operational costs.

  • Interoperability: Ripple’s infrastructure allows seamless connectivity between different banks’ ledgers, streamlining cross-border transfers.

🔹 How Fast Can Banks Integrate XRP?

  • Implementation Timeline: Experts say full integration, including onboarding and technical setup, can take as little as three weeks, with most banks completing the process within two to three months once regulations are...
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👉We don't make browser extensions and web wallets, for good reasons!!

OP: https://x.com/WietseWind/status/1913956801390797073

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Musk Turns On Starlink to Save Iranians from Regime’s Internet Crackdown

Elon Musk, the world’s richest man and a visionary behind SpaceX, has flipped the switch on Starlink, delivering internet to Iranians amid a brutal regime crackdown.

This move comes on the heels of Israeli strikes targeting Iran’s nuclear facilities, as the Islamic Republic cuts off online access.

The former Department of Government Efficiency chief activated Starlink satellite internet service for Iranians on Saturday following the Islamic Republic's decision to impose nationwide internet restrictions.

As the Jerusalem Post reports, that the Islamic Republic’s Communications Ministry announced the move, stating, "In view of the special conditions of the country, temporary restrictions have been imposed on the country’s internet."

This action followed a series of Israeli attacks on Iranian targets.

Starlink, a SpaceX-developed satellite constellation, provides high-speed internet to regions with limited connectivity, such as remote areas or conflict zones.

Elizabeth MacDonald, a Fox News contributor, highlighted its impact, noting, "Elon Musk turning on Starlink for Iran in 2022 was a game changer. Starlink connects directly to SpaceX satellites, bypassing Iran’s ground infrastructure. That means even during government-imposed shutdowns or censorship, users can still get online, and reportedly more than 100,000 inside Iran are doing that."

During the 2022 "Woman, Life, Freedom" protests, Starlink enabled Iranians to communicate and share footage globally despite network blackouts," she added.

MacDonald also mentioned ongoing tests of "direct-to-cell" capabilities, which could allow smartphone connections without a dish, potentially expanding access and supporting free expression and protest coordination.

Musk confirmed the activation, noting on Saturday, "The beams are on."

This follows the regime’s internet shutdowns, which were triggered by Israeli military actions.

Adding to the tension, Israeli Prime Minister Benjamin Netanyahu addressed the Iranian people on Friday, urging resistance against the regime.

"Israel's fight is not against the Iranian people. Our fight is against the murderous Islamic regime that oppresses and impoverishes you,” he said.

Meanwhile, Reza Pahlavi, the exiled son of Iran’s last monarch, called on military and security forces to abandon the regime, accusing Supreme Leader Ayatollah Ali Khamenei in a Persian-language social media post of forcing Iranians into an unwanted war.

Starlink has been a beacon in other crises. Beyond Iran, Musk has leveraged Starlink to assist people during natural disasters and conflicts.

In the wake of hurricanes and earthquakes, Starlink has provided critical internet access to affected communities, enabling emergency communications and coordination.

Similarly, during the Ukraine-Russia conflict, Musk activated Starlink to support Ukrainian forces and civilians, ensuring they could maintain contact and access vital information under dire circumstances.

The genius entrepreneur, is throwing a lifeline to the oppressed in Iran, and the libs can’t stand it.

Conservative talk show host Mark Levin praised Musk’s action, reposting a message stating that Starlink would "reconnect the Iranian people with the internet and put the final nail in the coffin of the Iranian regime."

"God bless you, Elon. The Starlink beams are on in Iran!" Levin wrote.

Musk, who recently stepped down from leading the DOGE in the Trump administration, has apologized to President Trump for past criticisms, including his stance on the One Big Beautiful Bill.

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GENIUS Act lets State banks conduct some business nationwide. Regulators object

The Senate passed the GENIUS Act for stablecoins last week, but significant work remains before it becomes law. The House has a different bill, the STABLE Act, with notable differences that must be reconciled. State banking regulators have raised strong objections to a provision in the GENIUS Act that would allow state banks to operate nationwide without authorization from host states or a federal regulator.

The controversial clause permits a state bank with a regulated stablecoin subsidiary to provide money transmitter and custodial services in any other state. While host states can impose consumer protection laws, they cannot require the usual authorization and oversight typically needed for out-of-state banking operations.

The Conference of State Bank Supervisors welcomed some changes in the GENIUS Act but remains adamantly opposed to this particular provision. In a statement, CSBS said:

“Critical changes must be made during House consideration of the legislation to prevent unintended consequences and further mitigate financial stability risks. CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors (Sec. 16(d)).”

The National Conference of State Legislatures expressed similar concerns in early June, stating:

“We urge you to oppose Section 16(d) and support state authority to regulate financial services in a manner that reflects local conditions, priorities and risk tolerances. Preserving the dual banking system and respecting state autonomy is essential to the safety, soundness and diversity of our nation’s financial sector.”

Evolution of nationwide authorization

Section 16 addresses several issues beyond stablecoins, including preventing a recurrence of the SEC’s SAB 121, which forced crypto assets held in custody onto balance sheets. However, the nationwide authorization subsection was added after the legislation cleared the Senate Banking Committee, with two significant modifications since then.

Originally, the provision applied only to special bank charters like Wyoming’s Special Purpose Depository Institutions or Connecticut’s Innovation Banks. Examples include crypto-focused Custodia Bank and crypto exchange Kraken in Wyoming, plus traditional finance player Fnality US in Connecticut. Recently the scope was expanded to cover most state chartered banks with stablecoin subsidiaries, possibly due to concerns about competitive advantages.

Simultaneously, the clause was substantially tightened. The initial version allowed state chartered banks to provide money transmission and custody services nationwide for any type of asset, which would include cryptocurrencies. Now these activities can only be conducted by the stablecoin subsidiary, and while Section 16(d) doesn’t explicitly limit services to stablecoins, the GENIUS Act currently restricts issuers to stablecoin related activities.

However, the House STABLE Act takes a more permissive approach, allowing regulators to decide which non-stablecoin activities are permitted. If the House version prevails in reconciliation, it could result in a significant expansion of allowed nationwide banking activities beyond stablecoins.

Is it that bad?

As originally drafted, the clause seemed overly permissive.

The amended clause makes sense for stablecoin issuers. They want to have a single regulator and be able to provide the stablecoin services throughout the United States. But it also leans into the perception outside of crypto that this is just another form of regulatory arbitrage.

The controversy over Section 16(d) reflects concerns about creating a regulatory gap that allows banks to operate interstate without the oversight typically required from either federal or state authorities. As the two Congressional chambers work toward reconciliation, lawmakers must decide whether stablecoin legislation should include provisions that effectively reduce traditional banking oversight requirements.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
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🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

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🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

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