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Explain Is it possible to have one body regulating Internet usage the world over?

In China, much of the internet is regulated. Even computers sold in China had to be pre-configured with some form of filtering software. This I believe constitutes an invasion of privacy. Terrorism has driven the US and Europe to performing searches for key words in the millions of emails that pass through their servers.

Some argue that governance of internet content will have to be executed as per each countries ethical beliefs and value systems.

Q Is it possible to have one body regulating Internet usage the world over?

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