The Malaysian Communications and Multimedia Commission (MCMC) would not delay the issuing of a Class Licence to all social media services and Internet messaging services with at least eight million registered users in Malaysia.

The MCMC, however, stated that it will also be undertaking a public inquiry exercise to solicit feedback from all relevant parties to ensure the policy’s final framework is fair, effective and reflective of the needs of the industry and public.

However, strong objections have been raised by the Asia Internet Coalition (AIC) in an open letter to the commission to push back against more regulations on social media platforms as it will hinder innovation, deter investments and put undue compliance burdens.

Platform owners such as Meta, Google and Tik Tok have already met with the commission in Singapore, amidst concerns of pulling out of Malaysia, and the commission duly responded by saying it will consider all aspects.

According to the commission, these ongoing engagements have been vital in developing a regulatory framework that addresses the needs and concerns of all parties and there is a five month grace period beginning August 1, 2024.

MCMC refuted claims by AIC that the licensing would have a negative impact on the country’s digital economy, and instead believe the proposed measures would create a safer and more secure online environment.

-THE MALAYSIA VOICE