Germany is not screwing around when it comes to fake news. Digiday.com goes into the details about the new law. Basically fake news is considered criminal content.
From the article:
Last week, Germany formally proposed a law to fine social networks up to €50 million ($54 million) if they fail to remove harmful fake news or defamatory content — what it’s calling “criminal content” — from their platforms within 24 hours.
Heiko Maas, the federal minister for justice and consumer protection, specified that criminal content includes defamation, slander, threats and criminal misinformation. Unlawful content is a deliberately broad spectrum and could include everything from infringing intellectual property to altering facts to promote racist populism. As part of the proposal, the platforms would also have to publish quarterly status reports, detailing how they handled complaints, how many they received and how their teams are staffed.
You can read the full article here