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A world-first Australian law that bars children under 16 from having social media accounts takes effect on Wednesday, prompting a global regulatory movement. Major platforms like Instagram, TikTok, and YouTube will need to block over one million accounts, signaling the start of a worldwide wave of digital regulation. Platforms that do not comply with the new rules could face fines of up to $49.5 million.
A world-first Australian law that bars children under 16 from having social media accounts takes effect on Wednesday, prompting a global regulatory movement. Major platforms like Instagram, TikTok, and YouTube will need to block over one million accounts, signaling the start of a worldwide wave of digital regulation. Platforms that do not comply with the new rules could face fines of up to $49.5 million.