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

Global Banking and Finance Review - Subscribe to our newsletter

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 | Developed By eCorpIT

    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 > Spain to ban social media access for under-16s, PM Sanchez says
    Finance

    Spain to ban social media access for under-16s, PM Sanchez says

    Published by Global Banking and Finance Review

    Posted on February 3, 2026

    2 min read

    Last updated: February 3, 2026

    Spain to ban social media access for under-16s, PM Sanchez says - Finance news and analysis from Global Banking & Finance Review
    Tags:innovationSocial mediacompliancefinancial sectorpublic policy

    Quick Summary

    Spain will ban social media access for children under 16, requiring age verification. The move follows Australia's similar ban and is watched by other countries.

    Table of Contents

    • Spain's New Social Media Regulations
    • Government's Concerns About Digital Safety
    • Coalition of the Digitally Willing
    • Legislative Measures Against Hate Speech

    Spain's Prime Minister Proposes Social Media Ban for Minors Under 16

    Spain's New Social Media Regulations

    MADRID, Feb 3 (Reuters) - Spain plans to ban access to social media for minors under 16 and platforms will be required to implement age-verification systems, Prime Minister Pedro Sanchez said on Tuesday as he announced several measures to guarantee a safe digital environment.

    Government's Concerns About Digital Safety

    Sanchez's left-wing coalition government has repeatedly complained about the proliferation of hate speech, pornographic content and disinformation on social media, saying it had negative effects on young people.

    Coalition of the Digitally Willing

    "Our children are exposed to a space they were never meant to navigate alone... We will no longer accept that," Sanchez said as he addressed the World Government Summit in Dubai, calling on other European countries to implement similar measures.

    Legislative Measures Against Hate Speech

    "We will protect them from the digital Wild West," he added.

    Australia in December became the first country to ban social media for children under 16, a move being closely watched by other countries considering similar age-based measures, such as Britain and France.

    Sanchez said Spain had joined five other European countries that he dubbed the "Coalition of the Digitally Willing” to coordinate and enforce cross-border regulation.

    The coalition will hold its first meeting in the coming days, he said. Sanchez did not say which countries were in the group, and his office didn't immediately respond to a request for clarification.

    "We know that this is a battle that far exceeds the boundaries of any country," he said.

    Spain will also introduce a bill next week to hold social media executives accountable for illegal and hate-speech content, as well as to criminalise algorithmic manipulation and the amplification of illegal content, Sanchez said.

    Among the measures he proposed was a system to track hate speech online while platforms would be required to introduce age verification systems that "were not just check boxes", he said.

    His government would begin the process of passing legislation from as early as next week, he said.

    He added that prosecutors would explore ways to investigate possible legal infractions by Elon Musk's Grok, TikTok and Instagram.

    (Reporting by David Latona, Emma Pinedo and Victoria Waldersee; writing by Charlie Devereux; editing by Hugh Lawson)

    Key Takeaways

    • •Spain will ban social media access for children under 16.
    • •Age verification systems will be required on platforms.
    • •Prime Minister Pedro Sanchez announced the regulation.
    • •The move follows Australia's similar ban in December.
    • •Other countries like Britain and France are considering similar measures.

    Frequently Asked Questions about Spain to ban social media access for under-16s, PM Sanchez says

    1What is social media accountability?

    Social media accountability refers to the responsibility of social media platforms and their executives to manage and control the content shared on their platforms, ensuring it complies with legal standards and does not promote illegal or harmful activities.

    2What is harmful content?

    Harmful content includes any material that can cause physical, emotional, or psychological harm to individuals or groups. This can encompass hate speech, misinformation, and any illegal activities promoted through social media.

    3What is legislation?

    Legislation is a law or a set of laws enacted by a governing body, such as a parliament or congress, that regulates specific activities or behaviors within a jurisdiction.

    4What is compliance?

    Compliance refers to the process of adhering to laws, regulations, guidelines, and specifications relevant to an organization's business processes. It ensures that companies operate within legal frameworks.

    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

    More from Finance

    Explore more articles in the Finance category

    Image for Hundreds of Nazi-linked accounts discovered at Credit Suisse, US lawmaker says
    Hundreds of Nazi-linked accounts discovered at Credit Suisse, US lawmaker says
    Image for Exclusive-Despite new curbs, Elon Musk’s Grok at times produces sexualized images - even when told subjects didn’t consent
    Exclusive-Despite new curbs, Elon Musk’s Grok at times produces sexualized images - even when told subjects didn’t consent
    Image for Siemens Energy to spend $1 billion in 'hot' US power market
    Siemens Energy to spend $1 billion in 'hot' US power market
    Image for EU to investigate Goldwind Science & Technology on possible subsidies
    EU to investigate Goldwind Science & Technology on possible subsidies
    Image for Santander, NatWest explore multi-billion-pound pension transfers, Bloomberg News reports
    Santander, NatWest explore multi-billion-pound pension transfers, Bloomberg News reports
    Image for Kremlin says it has heard no statements from India on halting Russian oil purchases
    Kremlin says it has heard no statements from India on halting Russian oil purchases
    Image for French Finance Minister may put Forex volatility on G7 agenda
    French Finance Minister may put Forex volatility on G7 agenda
    Image for Italy's Banca Mediolanum posts record annual net profit, up 11% 
    Italy's Banca Mediolanum posts record annual net profit, up 11% 
    Image for Gold heads for biggest daily gain since 2008 as investors step in after steep selloff
    Gold heads for biggest daily gain since 2008 as investors step in after steep selloff
    Image for Germany takes 25.1% stake in grid company TenneT for $3.9 billion
    Germany takes 25.1% stake in grid company TenneT for $3.9 billion
    Image for Trump's tariff cut spells relief in India despite scant details
    Trump's tariff cut spells relief in India despite scant details
    Image for MONETA Money Bank beats 2025 profit guidance, proposes dividend increase
    MONETA Money Bank beats 2025 profit guidance, proposes dividend increase
    View All Finance Posts
    Previous Finance PostParis prosecutor's cybercrime unit searches X office, Musk summoned
    Next Finance PostHungary's Tisza party leads pre-election poll, far-right party on course for parliament