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

Central banks of Singapore, Malaysia, and Thailand develop agreements for digital money

Blockchain Association Urges Congress For Crypto Tax Reforms

Starknet Governance Poll Supports Post-Quantum L1 Research

Dune Launches Real-Time Spot And Perpetual Trade Feeds

22 companies block tokenization of shares on OKXICE

What Is an Agentic Activities Launchpad? Inside AX1 Console 2.0

Over 230,000 BTC Transferred On-Chain, Reaching Highest Volume Since 2026

SEC Reveals Key Review Focus for FY 2027, Emphasizing Tokenization and Emerging Technology Risks

China Plans to Create a Nationwide Blockchain Network by 2030

Carl Moon Predicts Bullish Trend for Bitcoin

New York Fed buys 3.3 billion euros in government bonds, no new money for Bitcoin

CoinShares: Bitcoin's Resilience Emerges Amid Ongoing Fed Rate Hike Risks

Etherscan launches beta tool to detect address poisoning scams

Coinbase: €3.25 million fine in Ireland for poorly protected client funds

From 2027, bankrupt banks will be sold to multiple investors

QCP Capital: Credit Pressure in AI Infrastructure Drags Down Crypto Market

Zcash Fund Records 15.2 Million Inflow Amid 70.5 Million Withdrawals

Netherlands imposes record fine of 37.25 million euros on illegal gambling sites

Bitcoin Exchange Net Outflow Drops to 1,500 BTC Daily, Futures Market Balances Between Bulls and Bears

Swedish Central Bank Calls for Assessment of E-Krona to Address Impact of Stablecoins and Digital Euro

PHP Releases Critical Fixes for Vulnerabilities Affecting Crypto Infrastructure

dYdX Treasury SubDAO Increases DYDX Buyback to Approximately 101 Million Tokens

XRPL Validator States XRP's Price is Indirectly Affected by Network Adoption

North Korean Hackers Spread Malware Using Cryptocurrency Job Offers

Anthropic Releases Open Source Library for Large-Scale Formal Verification of Claude

Mr&强 Analyzes BTC and ETH Short-Term Strategies

Management Before Capital: The Need for Agent-Specific Accounts

Do Agents Really Need Blockchain Payments?

Analyst Says High Brent Crude Oil Prices Affect Bitcoin Liquidity







