Australia Sues Meta, TikTok and Other Platforms for Violating Social Media Ban
The Australian government is suing five platforms, including Facebook, Instagram, TikTok, Snapchat, and YouTube, accusing them of failing to comply with a social media ban for users under the age of 16. The Australian eSafety Commissioner launched an investigation into these platforms in March of this year. A report in July revealed that most underage users were still able to retain or create accounts, primarily due to the platforms' lack of effective age verification. Nearly a year into the ban, the government has doubled the maximum fine for violations to AUD 109.2 million (approximately USD 76 million) and expanded its investigative powers to require platforms to submit documents and summon employees. Communications Minister Anika Wells stated that eSafety Commissioner Julie Inman Grant is preparing to file a lawsuit in federal court using these powers. Meta and eSafety have not yet responded to the matter.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Coolblue and Bol Stop Selling Ledger Wallets

ByteDance, Alibaba, and Tencent Order Over $35 Billion in Chips from Nvidia

JPMorgan CEO Says U.S. Economy Is Strong, Prepared for 40% Stock Market Drop

Selling Pressure on Bitcoin Decreases, ETF Outflows Drop to 230 Million Dollars

Mr&强 Analyzes BTC and ETH Short-Term Strategies

Indonesian Crypto Users Reach 23.21 Million Accounts, OJK Tightens Oversight and Consumer Protection - World

XRP Ledger Bug Fixes to Be Implemented on Friday!

Kevin O'Leary Defines Stablecoins as the Safest Crypto Assets

WEEX Exclusive:Unitree Expands Into Multi-Robot Coordination Software

Citi Research Evaluates Aave as Core Infrastructure for Tokenized Asset Finance

MrBeast's Associated Company Granted Two Financial Service Trademarks

Bank of Japan May Raise Inflation Forecast, Keeps Rates Unchanged

Oil Prices Won't Drop, U.S. Treasury Yields Won't Peak

Can Blockchain Change Finance? ("So That Was Blockchain Ep.22" Yoshihiko Uchida, Yuya Sakai, Shinya Otsuga)

JCBA Organizes 347 Items for Management of Outsourced Cryptocurrency Assets, Establishing Key Management as an Independent Domain

Justin Sun Expresses Pessimistic Outlook on Bitcoin Due to AI and Quantum Threats

DeepSeek Partners with Huawei to Develop AI Chip Compatible with Ascend 950DT

France's AMF Warns 25 Unauthorized Crypto Websites, 64 Added to Blacklist This Year

SEC Closes Comment Period for New Crypto Regulations

SecondFi Asset Recovery Tool Handles Over 100 Million ADA and 22 Million NIGHT

Is Fable 5.5 Coming? Reports Indicate Anthropic is Developing a New Model Focused on 'Intent Inference' Capability

Bank of Russia Tightens Control Over USDT Cash Exchanges

S&P Warns of Potential Increase in AI Debt for Tech Companies

EU bans cash payments over €10,000 starting July next year

Bitwise executive predicts corporate BTC buying may resume if prices rebound

BNB Chain Launches NewL1 Community Forum, Expected to Go Live by End of 2026

Shareholders of Super League Approve All Proposals Related to Investment from Metaplanet

BlackRock Reduces Loss Risk with Bitcoin ETF Initiative

SEC Allows Options Trading for Investment Products Containing Multiple Cryptocurrencies







