YES!!

I mean wait... heard about this passing recently but didn't know about the time frame of 2 years - still it sux. Can the article be retracted or revised?

Unlikely. Once a bill has passed that's it. The wheel of bureaucracy usually turns in one direction, even if it means shooting yourself in the foot.

Basically the next 2 years will be about how the bill will be implemented, so I guess we'll have to see how hard this gets enforced. If they go hardcore the internet as we know it will never be the same.

*starts* working on an engine that crawls memes on the web and plans for the day to mass release memes everywhere illegally

Man, memes were a thing on forums 20 years ago.. now these kids be like: look at our new thing called memes! Hahahaha