Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Insider: The EU accuses Musk's X of alleged illegal false information, considering a fine of over 1 billion US dollars

Insider: The EU accuses Musk's X of alleged illegal false information, considering a fine of over 1 billion US dollars

Bitget2025/04/04 09:42

According to Wall Street Journal, the European Union is planning to impose a heavy penalty of over 1 billion dollars on Elon Musk's social media platform X for allegedly violating the Digital Services Act by failing to effectively regulate false information and illegal content on its platform. The regulatory authorities are also advancing a second investigation against X, and may include revenues from Musk's other private companies in the fine base, which could potentially exceed expectations. Analysts believe that the EU's recent regulation of tech companies might be one of the reasons why Trump announced high tariffs on the EU this week.

The New York Times quoted four informed sources revealing that EU regulators are preparing to heavily penalize Musk’s social media platform X for allegedly violating provisions of the Digital Services Act (DSA) aimed at combating illegal content and false information. This penalty is expected to be officially announced this summer, possibly becoming the first formal punishment issued by the EU under this law.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!