When a judge decides to convict someone of murder, we all know they might be wrong. The judge is not entitled to decide what objective reality is, he just decides how the judiciary system sees and treats the situation, as someone has to do it.
The same thing should be applied to fake news, which is sharing (dis)information with the false appearance of some verified news piece to influence people into making certain decisions.
Of course, there’s a big potential for censorship in how we treat fake news. So this treatment should follow clear objective criteria and be absolutely transparent.
transparency is precisely what can make regulations not be censorship, or I should hope so.