Non-leading title about speech

[OzyWho]

https://gab.com/a/posts/106936538508805894

German government wishes to enforce their hate speech law on a website. That website is proclaiming itself as a social network that champions free speech.
The website, so it's said, has a history/drama surrounding it with regards to spreading neonazi stuff. But I feel like it shouldn't be relevant in this discussion.
Their choice is between either banning hate speech or banning German IPs. They chose the latter.

Where do you stand on banning hate speech for the cost of having less free speech and why?