PARIS (Reuters) -The European Union will work in the direction of an unprecedented regulation of social media platforms that can set up legal responsibility for hate-filled content material, French President Emmanuel Macron stated on Thursday.

France takes over the rotating presidency of the 27-nation European Council in January at a time when the EU is discussing new laws setting out the do’s and don’ts for world know-how corporations.

“That is unprecedented European regulation to combat on-line hate, to outline the duty of those massive platforms for his or her content material,” Macron advised a information convention in Paris.

“Day by day, we’ve to take care of points akin to anti-Semitism, racism, hate speech and on-line harassment. There isn’t a worldwide regulation on these topics immediately, strictly talking.”

EU competitors chief Margrethe Vestager has proposed two units of guidelines referred to as the Digital Markets Act and the Digital Providers Act concentrating on Amazon (NASDAQ:), Apple (NASDAQ:), Alphabet (NASDAQ:) unit Google, and Fb (NASDAQ:).

The Digital Providers Act specifically would pressure the tech giants to do extra to deal with unlawful content material on their platforms, with fines of as much as 6% of worldwide turnover for non-compliance.

The European Fee will kick off negotiations with EU international locations and EU lawmakers subsequent yr, with the brand new guidelines prone to be adopted in 2023.