Spain’s Ban on Social Media for Under 16s
Spain’s Prime Minister Pedro Sánchez announced plans to ban access to social media platforms for children under 16 and to enact laws next week that will make it mandatory for platforms to implement age verification systems. Speaking at the World Governments Summit in Dubai, Sánchez called for “real barriers” on platforms and for executives to face criminal liability if they fail to remove illegal or hate content. He emphasized the aim to protect children from the “digital Wild West” filled with addiction, abuse, pornography, manipulation, and violence. Additionally, he announced investigations into Elon Musk’s Grok, Instagram, and TikTok platforms as part of efforts to combat algorithmic manipulation and disinformation. This step follows UK Prime Minister Keir Starmer considering a similar ban and Australia’s ban on under-16s in December.
Source: Pedro Sánchez
MiCA Crypto Regulations and BTC Compliance
EU member Spain has initiated the transition process to the Markets in Crypto-Assets (MiCA) regulation adopted in 2023. Crypto platforms operating before December 2024 must comply by June 30 or cease services. The country’s securities regulator detailed authorization, notification, and compliance requirements under MiCA in December. These KYC-focused rules enhance platform security in a manner similar to social media age verifications and are critically important for BTC detailed analysis.
Regulatory Impacts in the BTC Market
MiCA compliance stabilizes BTC transactions in Spain, while social media restrictions may reduce disinformation risks. For investors, a long-term confidence boost is expected in BTC futures and spot markets. Similar global trends support BTC’s institutional adoption.
Source: https://en.coinotag.com/spains-social-media-ban-and-mica-btc-impact
