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Digital #currencies have entered the realm of 11 million coins and 785 #platforms . Regulation is undoubtedly needed.
Brazil lifts freeze on Starlink, X accounts after $3M fine payment #Brazilfinepayment
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
Brazil’s Supreme Court has lifted the freeze on bank accounts linked to Elon Musk’s Starlink and the social media platform X after funds worth $18.35 million Brazilian reais (around $3.3 million) were transferred to the national treasury. #TreasuryDepartment
The fines are tied to a legal dispute involving X’s failure to comply with court orders to block accounts accused of spreading misinformation and hate speech in Brazil. The Supreme Court had previously classified this content as threatening democracy, prompting legal actions against the platform. #platforms
$BTC
Supreme Court Justice Alexandre de Moraes fined X for not appointing a local legal representative, as required by Brazilian law. Although the financial penalties have been addressed, X remains blocked in Brazil since Aug. 30.
$ETH
The case has reached the country’s Attorney General’s Office (PGR) over the past few days after the country’s Bar Association and a political party (Partido Novo) challenged the platform’s ban.
On Sept. 12, the PGR argued that suspending the social media platform does not violate free speech rights and stressed that the lawsuits against the ban lack legal grounds.
Musk refused to comply with the orders, claiming they were censorship. The platform’s failure to follow regulations, including its refusal to appoint a legal representative in Brazil, led to its suspension by the court. There is also a $9,000 fine in place for users who access the platform through virtual private networks (VPNs).
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
Brazil’s Supreme Court has lifted the freeze on bank accounts linked to Elon Musk’s Starlink and the social media platform X after funds worth $18.35 million Brazilian reais (around $3.3 million) were transferred to the national treasury. #TreasuryDepartment
The fines are tied to a legal dispute involving X’s failure to comply with court orders to block accounts accused of spreading misinformation and hate speech in Brazil. The Supreme Court had previously classified this content as threatening democracy, prompting legal actions against the platform. #platforms
$BTC
Supreme Court Justice Alexandre de Moraes fined X for not appointing a local legal representative, as required by Brazilian law. Although the financial penalties have been addressed, X remains blocked in Brazil since Aug. 30.
$ETH
The case has reached the country’s Attorney General’s Office (PGR) over the past few days after the country’s Bar Association and a political party (Partido Novo) challenged the platform’s ban.
On Sept. 12, the PGR argued that suspending the social media platform does not violate free speech rights and stressed that the lawsuits against the ban lack legal grounds.
Musk refused to comply with the orders, claiming they were censorship. The platform’s failure to follow regulations, including its refusal to appoint a legal representative in Brazil, led to its suspension by the court. There is also a $9,000 fine in place for users who access the platform through virtual private networks (VPNs).
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