Australia Proposes $109.2 Million Fine for Social Platforms
Australia has introduced a bill that allows users to disable sorting algorithms on social networks, with platforms potentially facing fines of up to $109.2 million for violating new digital duty of care obligations. The proposal, titled "My Feed, My Way," requires platforms to let users choose how their default information feed operates. Users who opt for personalization will continue to receive recommendations, while those who decline will only see content from accounts they follow. Communications Minister Anika Wells stated that users aged 16 and over can easily opt in or out of algorithmic feeds, and platforms must respect this decision. The bill also extends to online gaming, applications, and AI chatbots, protecting minors under 18 from harmful features. Platforms must prevent minors from accessing specific categories of harmful content, including pornography, bullying, and emotional abuse. The eSafety Commissioner will be granted the authority to remove nudify applications and websites, and a streamlined process will be adopted for complaints regarding online bullying of children and adult online abuse. The government plans to submit the bill to Parliament by the end of the year.
-- 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

Ukrainian Antimonopoly Committee Fines Companies 133 Million UAH for Anticompetitive Agreements

SK Hynix Develops 3D DRAM Utilizing Foundry Processes

ZachXBT Accuses Crypto Practitioner of Assisting in Money Laundering Stolen Assets

Zamanat Targets GCC’s $250 Billion SME Financing Gap With Up to $100 Million Tokenized Private Credit Fund

CoinFactory Founder Rasoul Rezvani Unveils the Vision Behind RZ Oasis

What You Thought Was a Safe Compliance Check Actually Handed Your Assets to Hackers

When Bitcoin's Unsolved Mystery Meets a New Meme

DEEPCOIN Completes System Penetration Testing with HackenProof to Strengthen Asset Security

In the 17th Year of the Crypto Era, Where is Solana's Path to Survival?

Oil Crisis: 5 Reasons Why the Surge Won't Stop

SEC Reveals Progress on Key Measures to Drive Quality in Thailand's Investment Market

Real Review of World.xyz: Millisecond Trading and Betting Against Market Makers

Trump's Poll Numbers Decline, Bond Market Out of Control: Is Walsh's Independent Space Opening Up?

ESMA Warns of Growing Links Between Crypto and Finance

How to Calculate Bitcoin Profit for Beginners Easily - Fintech World
![[Full Text] Solana Foundation: "Korean STOs Should Start Within Regulations and Expand Globally"](/public-static/10_5acc261b9b.png?format=avif)
[Full Text] Solana Foundation: "Korean STOs Should Start Within Regulations and Expand Globally"

Can Bitcoin Be Bought with Rp50,000? Here's How - Fintech World

Bab el-Mandeb: Oil, Bitcoin, or... what are the consequences for the economy?

Anthropic: The Report That Implicates Claude, Between Missiles, Espionage in Mali, and Chinese Pillaging

Financial Services Agency Reports 1,961 Cases of Fraudulent Investment Solicitation from April to June, Over 80% Resulted in Losses

724 Eggs Cracked, 11,348 Traders Joined: WEEX TradFi Lucky Egg Campaign Hits 10M+ USDT in Trading Volume

JPMorgan Bullish on Meta: Muse, Model API, and Subscriptions Support $820 Target Price

Pump.fun Analysis: Is It Severely Undervalued, and What Should Its Target Price Be?

Bitget Wallet joins BCCC to take part in Japan’s self custody debate

Blockstream Refuses Ransom to Liquid Attackers; 4,000 Bitcoins Stolen, Over 80% Already Returned

Kalshi plans 24/7 Tesla, Apple and Nvidia perps

Russia to require tax IDs for opening crypto depository accounts

How to Raise iPhone Prices Without Hurting Sales? JPMorgan Analyzes Apple's 'Installment Strategy'

Robinhood is Trading Fruit Flies, Solana is Trading Cats






