SOCIAL MEDIA BAN. A girl poses holding her phone after an interview discussing Australia's social media ban for users under 16, which is scheduled to take effect on December 10, in Sydney, Australia, November 22, 2025.SOCIAL MEDIA BAN. A girl poses holding her phone after an interview discussing Australia's social media ban for users under 16, which is scheduled to take effect on December 10, in Sydney, Australia, November 22, 2025.

Australia begins enforcing world-first teen social media ban

2025/12/10 09:25

SYDNEY, Australia – Australia on Wednesday, December 10, became the first country to ban social media for children under 16, blocking access to platforms including TikTok, Alphabet’s YouTube and Meta’s Instagram and Facebook.

Ten of the biggest platforms were ordered to block children from midnight (1300 GMT on Tuesday) or face fines of up to A$49.5 million ($33 million) under the new law, which drew criticism from major technology companies and free speech advocates, but was welcomed by many parents and child advocates.

Prime Minister Anthony Albanese called it “a proud day” for families and cast the law as proof that policymakers can curb online harms that have outpaced traditional safeguards.

“This will make an enormous difference. It is one of the biggest social and cultural changes that our nation has faced,” Albanese told a news conference on Wednesday.

“It’s a profound reform which will continue to reverberate around the world.”

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In a video message, Albanese urged children to “start a new sport, new instrument, or read that book that has been sitting there for some time on your shelf,” ahead of Australia’s summer school break starting later this month.

In the hours before the ban took effect, many of the estimated one million children impacted by the legislation began posting messages saying goodbye to their online followers.

“No more social media… no more contact with the rest of the world,” wrote one teen on TikTok.

“#seeyouwhenim16,” said another.

The rollout caps a year of debate over whether any country could practically stop children from using platforms embedded in daily life, and begins a live test for governments worldwide frustrated that social media firms have been slow to implement harm-reduction measures.

Albanese’s centre-left government proposed the landmark law citing research showing harms to mental health from the overuse of social media among young teens, including misinformation, bullying and harmful depictions of body image.

Several countries from Denmark to New Zealand to Malaysia have signalled they may study or emulate Australia’s model, making the country a test case for how far governments can push age-gating without stifling speech or innovation.

‘Not our choice’: X says will comply

Elon Musk’s X became the last of the 10 major platforms to take measures to cut off access to underage teens after publicly acknowledging on Wednesday that it would comply.

“It’s not our choice – it’s what the Australian law requires,” X said on its website.

“X automatically offboards anyone who does not meet our age requirements.”

Australia has said the initial list of covered platforms would change as new products emerge and young users migrate.

Companies have told Canberra they will deploy a mix of age inference – estimating a user’s age from their behaviour – and age estimation based on a selfie, alongside checks that could include uploaded identification documents or linked bank account details.

For social media businesses, the implementation marks a new era of structural stagnation as user numbers flatline and time spent on platforms shrinks, studies show.

Platforms say they earn little from advertising to under-16s, but warn the ban disrupts a pipeline of future users. Just before the ban took effect, 86% of Australians aged eight to 15 used social media, the government said.

Some youngsters have warned the social media ban could isolate people.

“It’s going to be worse for queer people and people with niche interests I guess because that’s the only way they can find their community,” said 14-year-old Annie Wang ahead of the ban.

“Some people also use it to vent their feelings and talk to people to get help…. So I feel like it’ll be fine for some people, but for some people it’ll worsen their mental health.” – Rappler.com

($1 = 1.5097 Australian dollars)

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Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
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Coinstats2025/09/18 02:25