The President of the Government of Spain, Pedro Sánchez, announced that the country will prohibit the use of social media for those under 16 and that platforms will be required to implement age verification systems.

Sánchez announced Spain’s decision during his participation in the World Government Summit in Dubai. The president added that his country “has focused on digital governance as a central issue of our era that must be addressed globally in the face of the failed state into which the social media ecosystem has devolved, where laws are ignored and crimes are tolerated.”

He also referred to the “lack of governance in content control and impunity for those who violate the law, the spread of disinformation and hate speech, and the lack of protection of personal data and material as serious dangers that challenge the protection of rights and freedoms and distort reality, particularly for minors who have integrated the use of social media into their daily lives.”

The priority is the protection of minors, in addition to greater control over social media. This will be reinforced by the Executive’s push to include in the penal code the manipulation of algorithms and the amplification of illegal content. This will be a joint effort with the Public Prosecutor’s Office “to prosecute potential legal infractions by Google, TikTok, and Instagram and will defend Spain’s digital sovereignty” against any type of foreign coercion.

M.Pino

Source: euronews

(Reference image source: Vitaly Gariev on Unsplash)

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La entrada Spain announces social media ban for under 16s apareció primero en Bitfinance.

The Central Bank of Brazil will implement new regulations in the cryptocurrency market to prevent crimes such as money laundering and other illicit activities in the digital sphere.

According to the announcement made on Monday, November 10, the new BCB regulations will take effect in February 2026 and will focus on controlling international transfers of virtual assets, subjecting them to the existing legislation for the foreign exchange market.

“In addition, there will be a limit equivalent to US$100,000 for transactions carried out with companies that are not duly registered as operators in the national foreign exchange market,” according to the regulatory body.

Furthermore, it is anticipated that companies operating in these virtual markets in the South American country “must have a minimum capital of between 10 and 37 million reais (US$1.8 million), depending on the area in which they operate, and have proper legal representation in the country.”

It is important to note that the Central Bank of Brazil has set a nine-month deadline, starting from the date the regulations come into effect, “for companies already operating in the national virtual currency market to adapt to these requirements.”

M.Pino

Source: swissinfo

(Reference image source: Erling Løken Andersen on Unsplash)

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La entrada Brazil’s Central Bank to implement new regulations for the cryptocurrency market apareció primero en Bitfinance.

Cryptocurrency crimes will be punished in Italy through regulations that establish fines between 5,000 euros and 5 million euros (USD $5,400 and USD $5.4 million).

People who commit crimes “such as insider trading, illegal disclosure of inside information or market manipulation related to digital currencies” will have to pay the high sums established by the authorities.

Italy seeks to implement stricter measures in the crypto market to control the risks linked to digital assets. All within the framework of the new laws of the European Union, the Crypto Asset Markets Law, MiCA.

The draft of new sanctions in Italy establishes that the country’s central bank and the market control body, Consob, will be in charge of implementation.

The new regulations add to independent measures by the Italian government to regulate the crypto industry.

M.Pino

Source: diariobitcoin

(Reference image source: Kanchanara in Unsplash)

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La entrada Italy to impose fines of USD 5 million for cryptocurrency crimes apareció primero en Bitfinance.