Fintech Insider Podcast by 11:FS cover image

921. News: What does Australia's under-16 social media ban mean for financial services?

Fintech Insider Podcast by 11:FS

CHAPTER

Australia's Social Media Safety Measures

This chapter examines Australia's new legislation prohibiting children under 16 from accessing certain social media platforms, analyzing its implications for privacy and enforceability. It discusses the relationship between social media use and financial scams targeting minors, as well as the need for stricter advertising regulations to protect vulnerable groups. Additionally, the chapter highlights the challenges of enforcing age restrictions and the potential role of digital identity services in safeguarding children's online interactions.

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