this post was submitted on 28 Nov 2023
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128
Australia to amend law to regulate digital payments like Apple, Google Pay (www.reuters.com)
submitted 11 months ago by [email protected] to c/technology
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[โ€“] LavaPlanet 1 points 11 months ago (1 children)

Cool to know! What I'm wondering, though, is what changes the government are making, specifically. Why do they think it's bad, and what are they changing.

[โ€“] [email protected] 1 points 11 months ago

At this point it doesn't actually seem like they're proposing any specific changes at all. The draft changes some definitions in a way that Apple Pay is included as a "participant" and gives the Reserve Bank of Australia regulatory authority over it under the Payment Systems Regulation Act. Considering the fact that Australia is the country that first pushed the link tax (basically a way to make Facebook give money to Rupert Murdoch and friends just because), I'm not terribly optimistic.