Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Factbox-From Australia to Europe, countries move to curb children's social media access
    Finance
    Factbox-From Australia to Europe, countries move to curb children's social media access

    Published by Global Banking and Finance Review

    Posted on January 20, 2026

    4 min read

    Last updated: January 20, 2026

    The featured image illustrates the financial landscape as activist investor 7Square pressures Nuernberger to evaluate rival takeover offers, emphasizing the ongoing competition in the insurance sector.
    Activist investor 7Square urges Nuernberger to explore takeover offers - Global Banking & Finance Review
    Tags:social developmentfinancial communityconsumer perception

    Quick Summary

    Countries are implementing age restrictions on social media to protect children. Australia leads with a ban for those under 16, influencing global regulations.

    Table of Contents

    • Overview of Global Social Media Regulations
    • Australia's Landmark Ban
    • Other Countries Considering Similar Measures
    • Current Regulations in Europe
    • U.S. Legal Framework on Children's Online Privacy

    Countries Worldwide Take Action to Limit Children's Social Media Use

    Overview of Global Social Media Regulations

    Jan 20 (Reuters) - Australia in December became the world's first country to ban social media for children under 16, blocking them from platforms including TikTok, Alphabet's YouTube and Meta's Instagram and Facebook.

    Australia's Landmark Ban

    The ban is being closely watched by other countries considering similar age-based measures, with Britain being the latest one to flag such plans, as concerns mount over the effects of social media on children's health and safety.

    Other Countries Considering Similar Measures

    Below is a summary of what countries and tech companies are doing to regulate access to social media.

    Current Regulations in Europe

    AUSTRALIA

    U.S. Legal Framework on Children's Online Privacy

    A landmark law passed in November 2024 forced major social media platforms to block minors younger than 16 from December 10, 2025, one of the world's toughest regulations targeting major tech platforms. 

    Companies that fail to comply could face penalties of up to A$49.5 million ($33.3 million).

    BRITAIN

    Britain is considering an Australia-style ban on social media to better protect children online, Prime Minister Keir Starmer said on Tuesday.

    The government did not specify an age threshold, but said it was considering a ban "for children under a certain age", and whether the current digital age of consent was set too low.

    CHINA

    China's cyberspace regulator has put in place a so-called "minor mode" programme that requires device-level restrictions and app-specific rules to restrict screen time depending on age.

    DENMARK

    Denmark said in November it would ban social media for children under 15, while allowing parents to give exemptions for youngsters down to the age of 13 to access certain platforms. 

    A majority of parties in the parliament said they would back the plan ahead of a formal vote.

    FRANCE

    In 2023, France passed a law requiring social platforms to get parental consent for minors under 15 to create accounts. However, according to local media, technical challenges have impeded its enforcement.

    GERMANY

    Minors between the ages of 13 and 16 are allowed to use social media only if their parents provide consent. But child protection advocates say controls were insufficient.

    ITALY

    In Italy, children under the age of 14 need parental consent to sign up for social media accounts, while no consent is required from that age upwards.

    MALAYSIA

    Malaysia said in November it would ban social media for users under the age of 16 starting from 2026.

    NORWAY

    The Norwegian government in October 2024 proposed raising the age at which children can consent to the terms required to use social media to 15 years from 13, although parents would still be permitted to sign off on their behalf if they are under the age limit.

    The government has also begun work on legislation to set an absolute minimum age limit of 15 for social media use.

    THE U.S.  

    The Children's Online Privacy Protection Act prevents companies from collecting personal data from children under 13 without parental consent. 

    Several states have also passed laws requiring parental consent for minors to access social media, but they have faced court challenges on free speech grounds. 

    EU LEGISLATION

    The European Parliament in November agreed on a resolution calling for a minimum age of 16 on social media to ensure "age-appropriate online engagement". 

    It also urged a harmonised EU digital age limit of 13 for social media access and an age limit of 13 for video-sharing services and "AI companions".

    The resolution is not legally binding.

    TECH INDUSTRY'S OWN REGULATION

    Social media platforms including TikTok, Facebook and Snapchat say people need to be at least 13 to sign up. 

    Child protection advocates say the controls are insufficient, however, and official data in several European countries shows huge numbers of children under 13 have social media accounts. 

    ($1 = 1.4857 Australian dollars)

    (Compiled by Christine Chen in Sydney and Hugo Lhomedet in Gdansk; Editing by Thomas Derpinghaus and Milla Nissi-Prussak)

    Key Takeaways

    • •Australia bans social media for children under 16.
    • •Britain considers similar age-based social media restrictions.
    • •Various countries propose different age limits for social media use.
    • •Tech companies face penalties for non-compliance.
    • •The EU calls for harmonized digital age limits.

    Frequently Asked Questions about Factbox-From Australia to Europe, countries move to curb children's social media access

    1What is social media?

    Social media refers to online platforms that allow users to create, share, and interact with content and other users. Examples include Facebook, Instagram, and TikTok.

    2What is parental consent?

    Parental consent is the permission given by a parent or guardian for a minor to engage in certain activities, such as creating social media accounts.

    3What is online privacy?

    Online privacy refers to the protection of personal information shared on the internet, ensuring that it is not misused or accessed without consent.

    4What is a digital age of consent?

    The digital age of consent is the age at which a person is considered legally capable of consenting to the processing of their personal data online.

    5What are social media regulations?

    Social media regulations are laws and guidelines that govern how social media platforms operate, particularly concerning user privacy and the protection of minors.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostMacron tells Davos of a 'shift towards a world without rules'
    Next Finance PostBank of England defends cut to capital requirements amid criticism
    More from Finance

    Explore more articles in the Finance category

    Japanese selloff, Greenland fears ripple through debt-ridden global bond markets
    Chornobyl plant connected to Ukraine's energy grid, radiation levels normal, Kyiv says
    UK prosecutors say no further criminal charges against baby killer Lucy Letby
    UK's finance minister Reeves calls for Greenland de-escalation
    Exclusive-Germany's TKMS seeks investment package to woo Canada over $12 billion submarine tender
    Ukraine to share wartime combat data with allies to help train AI
    IATA says CFM jet engine maintenance pact extended to 2033
    Norway won't take part in Trump's "Board of Peace", deputy foreign minister tells Aftenposten
    France supports suspension of EU-US trade deal, says foreign minister
    Russell Brand appears in UK court by video link on further rape, sex assault charges
    Novo Nordisk expands diabetes cell therapy partnership with Aspect Biosystems
    Beckham family feud erupts as Brooklyn rules out reconciliation
    View All Finance Posts