PayPal says policy to punish users for misinformation was ‘in error’ By Cointelegraph

Online payment network PayPal (NASDAQ:) has reneged on a controversial policy that could’ve seen users fined $2,500 for spreading “misinformation,” with the payment platform claiming the policy update was published “in error.”

The now retracted misinformation clause in PayPal’s Acceptable Use Policy (AUP) was set to take effect on Nov. 3, which would have expanded on its list of prohibited activities to include “the sending, posting, or publication of any messages, content, or materials” that “promotes misinformation.”