this post was submitted on 28 Nov 2023
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Australia to amend law to regulate digital payments like Apple, Google Pay (www.reuters.com)
submitted 1 year ago by [email protected] to c/technology
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[–] [email protected] 1 points 1 year 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.