Sources indicate that the draft Broadcasting Services Bill is expected to be revised and withdrawn by the Centre. 📺

Overview 📊

Exciting developments are happening in the crypto world this year. From the regulation of broadcasting services to addressing concerns over free speech, the landscape is evolving. Let’s dive into the details to keep you informed of the latest happenings in the industry.

Regulation of Broadcasting Services 📡

Recently, there have been significant movements in the regulation of broadcasting services within the crypto space. Here are some key points to consider:

The draft Broadcasting Services (Regulation) Bill 2024 is currently being withdrawn.

Industry stakeholders who received the draft are asked to return the physical document without providing any feedback.
Sources suggest that the Ministry of Information and Broadcasting (MIB) might be revising the entire bill.

Initial drafts of the bill expanded the ministry’s jurisdiction to include social media accounts and online video creators.
The new version of the draft includes a broad definition of “digital news broadcaster” and mandates government registration for content evaluation.
Concerns have been raised regarding potential impacts on free speech due to these regulations.

Public Feedback and Criticisms 🗣️

Transparency and public input play a crucial role in shaping regulations. However, in this case, the lack of public release of the draft bill has sparked criticism:

The draft was not publicly released, leading to sharp critiques from various groups.
Calls have been made for the government to allow public comments on the proposed legislation.

Compliance Requirements ⚖️

Understanding the compliance requirements is essential for entities operating in the crypto and broadcasting space. Here are some key points to note:

According to the draft bill, OTT broadcasting service operators and digital news broadcasters must notify the Union government of their operations within one month of the legislation’s notification.
Compliance with registration and content evaluation standards may be necessary for industry players to adhere to regulatory requirements.

Hot Take 🔥

Stay informed and aware of the evolving regulations in the crypto and broadcasting sectors. Your participation and understanding of these developments are vital for the industry’s growth and sustainability. Keep an eye on the latest updates to navigate the changing landscape effectively.