Brazilian X Suspension Now Released Following Tense Conflicts - Coincu
BTC $59174.971 0.13%
ETH $2521.363 0.22%
BNB $536.676 0.74%
XRP $0.566 0.31%
BTC ETH BNB ADA SOL AVAX DOGE LINK TRX
USD EUR GBP JPY AUD CAD CHF CNY
Convert
LIVE UPDATES • Brazilian X Suspension Now Released Following Tense Conflicts • Telegram Crypto Holding Hits $400M, Takes Majority of Profits • World Liberty Financial Continues to Issue Warnings About Scam Project • Can Ripple and Solana Keep Up? BlockDAG’s Phenomenal Team & $68M Presale is Heating Layer 1 Market • Vergleich der besten Zahlungsmethoden im Online-Casino • Die schnellsten Zahlungsmethoden für Online Casinos 2024 • How to Find a Reliable Australian Crypto Casino for Safe Gaming • Spot Bitcoin ETFs See BlackRock’s IBIT Log first Outflows since May • 4 Altcoins Set to Outperform Bitcoin in 2024 Including Pawfury • Former FTX Exec Ryan Salame Has Now Dropped His Guilt Retraction
News Brazilian X Suspension Now Released Following Tense Conflicts 23 mins ago - Around 2 mins mins to read
Key Points:
The Brazilian Supreme Court has suspended Elon Musk’s social media platform, X.
The Brazilian X suspension includes fines for users attempting to bypass the ban using VPNs, with potential penalties of up to 50,000 reais.
The ban could disrupt Brazil’s growing cryptocurrency community.
The Brazilian Supreme Court has ordered the suspension of X, Elon Musk’s social media platform, following failure by the company to appoint a legal representative in the country.
Read more: Second Spot Solana ETF Approved in Brazil
Brazil Suspends Elon Musk’s X Over Legal Compliance Issues
In the ruling, signed by Justice Alexandre de Moraes, access to X should be blocked by Internet service providers in Brazil, a nation of about 215 million people.
The ruling is an intensification of the battle between Musk and the Brazilian government. Earlier this week, the platform had withdrawn its legal representatives from Brazil after threats of arrest from Moraes. The justice then presented X with an ultimatum-to put a new legal representative in place in 24 hours, which was never attended to.
Also included in the Brazilian X suspension order are potential fines for users attempting to bypass the ban via VPNs, these reach 50,000 reais or about $8,900, according to BBC. X’s refusal to comply with local regulations and take down certain accounts increased tensions and brought the full force of the court against the platform.
For X, Brazil is a very important market, with about 40 million Brazilian users on the platform every month, CNN reported. However, since Musk acquired former Twitter back in 2022, the company has been beset by problems, including a significant decline in advertising revenues.
Brazilian X Suspension to Cause Chaos in the Crypto Community of Brazil
The move, in turn, could have rippling effects on the fast-growing cryptocurrency community in Brazil. X has been considered a digital town square, the central hub for crypto enthusiasts where discussions, dissemination of information, and updates on markets occur.
The Brazilian X suspension might hamper the flow of news on cryptocurrencies and also impede communication among traders and investors in the region, where interest has been rising. Asset management giant BlackRock recently extended its Bitcoin ETF and Ethereum ETFs in the region.
Brazil Brazilian X Suspension elon musk X
Author Harold
With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Related Posts
Kraken SEC Lawsuit Allowed to Continue by Judge Silk Road Bitcoin Worth $600 Million Moved to New Wallet by US Government Australian Bitcoin ATMs Are Now Seeing Impressive Growth Hong Kong Launches Ensemble Sandbox to Revolutionize Tokenization! Telegram CEO Pavel Durov’s Arrest Draws Vitalik’s Concern Over Western Bias Market Overview (August 5 – August 11): The Week Of Ripple and Binance, Economic Shifts Looming Base ENS Subnames Set the Stage for Fair Dutch Auction Launch BNB Chain Gas Grants Program Launched with Total Rewards of Over $1 Million
Brazilian X Suspension Now Released Following Tense Conflicts
Key Points:
The Brazilian Supreme Court has suspended Elon Musk’s social media platform, X.
The Brazilian X suspension includes fines for users attempting to bypass the ban using VPNs, with potential penalties of up to 50,000 reais.
The ban could disrupt Brazil’s growing cryptocurrency community.
The Brazilian Supreme Court has ordered the suspension of X, Elon Musk’s social media platform, following failure by the company to appoint a legal representative in the country.
Read more: Second Spot Solana ETF Approved in Brazil
Brazil Suspends Elon Musk’s X Over Legal Compliance Issues
In the ruling, signed by Justice Alexandre de Moraes, access to X should be blocked by Internet service providers in Brazil, a nation of about 215 million people.
The ruling is an intensification of the battle between Musk and the Brazilian government. Earlier this week, the platform had withdrawn its legal representatives from Brazil after threats of arrest from Moraes. The justice then presented X with an ultimatum-to put a new legal representative in place in 24 hours, which was never attended to.
Also included in the Brazilian X suspension order are potential fines for users attempting to bypass the ban via VPNs, these reach 50,000 reais or about $8,900, according to BBC. X’s refusal to comply with local regulations and take down certain accounts increased tensions and brought the full force of the court against the platform.
For X, Brazil is a very important market, with about 40 million Brazilian users on the platform every month, CNN reported. However, since Musk acquired former Twitter back in 2022, the company has been beset by problems, including a significant decline in advertising revenues.
Brazilian X Suspension to Cause Chaos in the Crypto Community of Brazil
The move, in turn, could have rippling effects on the fast-growing cryptocurrency community in Brazil. X has been considered a digital town square, the central hub for crypto enthusiasts where discussions, dissemination of information, and updates on markets occur.
The Brazilian X suspension might hamper the flow of news on cryptocurrencies and also impede communication among traders and investors in the region, where interest has been rising. Asset management giant BlackRock recently extended its Bitcoin ETF and Ethereum ETFs in the region.
Visited 17 times, 17 visit(s) today
Other Posts
Related Posts
Other Reviews
- 178 days ago 16 mins
Unstable Diffusion Review: AI Tool Creates Unique Realistic Images
Casino Reviews
- 355 days ago 19 mins
Top Bitcoin Gambling Sites In 2024
Casino Reviews
- 355 days ago 49 mins
Top Bitcoin Casino Sites In 2024
Casino Reviews
- 315 days ago 16 mins
Best Tether Casino Sites With USDT Bonuses 2024
Knowledge
- 231 days ago 12 mins
Fiat To Fiat Converter: Detailed Guide For Beginners And Important Notes
- 23 mins ago 3 mins
Brazilian X Suspension Now Released Following Tense Conflicts
Uncategorized
- 480 days ago 11 mins
Top 5 Gambling Projects Will Offer You The Most Attractive Benefits
Knowledge
- 231 days ago 12 mins
Crypto To Crypto Converter: Detailed Guide For Beginners And Important Notes
24h 7D 30D Trending
- 1 days ago 3 mins
Australian Bitcoin ATMs Are Now Seeing Impressive Growth
- 23 hours ago 3 mins
El Salvador President: Strategy to Promote BTC Still Not Widespread
- 24 hours ago 3 mins
Elon Musk Dogecoin Lawsuit Dismissed by Judge
- 23 hours ago 3 mins
Former FTX Exec Ryan Salame Has Now Dropped His Guilt Retraction
- 10 hours ago 3 mins
World Liberty Financial Continues to Issue Warnings About Scam Project
- 5 days ago 2 mins
Telegram Founder Pavel Durov Was Offered $1 Million in Support by Justin Sun
- 6 days ago 2 mins
Cosmos Hub V19 Upgrade Is Now Launched To Boost Ecosystem
Airdrop
- 5 days ago 3 mins
DOGS Bot Farm Users Banned As Airdrop Claims Face Cleanup
- 2 days ago 3 mins
- 6 days ago 3 mins
Telegram Founder Pavel Durov Is Supported by the Crypto Community
Market
- 26 days ago 3 mins
Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets
- 27 days ago 2 mins
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
Press Releases
- 22 days ago 3 mins
Shiba Inu (SHIB) Makes Way For New Cryptocurrency Rival Predicted To 2000x Profits
- 14 days ago 2 mins
DOGS Airdrop Claim Is Now Available for Users
- 23 days ago 3 mins
Ripple SEC Lawsuit Continues to See a Victory for XRP
Latest
view more
- 23 mins ago 2 mins
23 mins ago
31 Aug
Brazilian X Suspension Now Released Following Tense Conflicts August 31, 2024
- 10 hours ago 2 mins
10 hours ago
30 Aug
Telegram Crypto Holding Hits $400M, Takes Majority of Profits August 30, 2024
- 10 hours ago 2 mins
10 hours ago
30 Aug
World Liberty Financial Continues to Issue Warnings About Scam Project August 30, 2024
TOP Casino Projects
view more
Press Release
view more
- 15 hours ago 4 mins
15 hours ago
30 Aug
- 21 hours ago 4 mins
21 hours ago
30 Aug
4 Altcoins Set to Outperform Bitcoin in 2024 Including Pawfury
- August 30, 2024 4 mins
August 30, 2024
30 Aug
UFC Champion Alex Pereira Propels BDAG Towards $1; PEPE Mogul Pivots to Mpeppe as Dogwifhat Stumbles
Key Points:
The Brazilian Supreme Court has suspended Elon Musk’s social media platform, X.
The Brazilian X suspension includes fines for users attempting to bypass the ban using VPNs, with potential penalties of up to 50,000 reais.
The ban could disrupt Brazil’s growing cryptocurrency community.
The Brazilian Supreme Court has ordered the suspension of X, Elon Musk’s social media platform, following failure by the company to appoint a legal representative in the country.
Read more: Second Spot Solana ETF Approved in Brazil
Brazil Suspends Elon Musk’s X Over Legal Compliance Issues
In the ruling, signed by Justice Alexandre de Moraes, access to X should be blocked by Internet service providers in Brazil, a nation of about 215 million people.
The ruling is an intensification of the battle between Musk and the Brazilian government. Earlier this week, the platform had withdrawn its legal representatives from Brazil after threats of arrest from Moraes. The justice then presented X with an ultimatum-to put a new legal representative in place in 24 hours, which was never attended to.
Also included in the Brazilian X suspension order are potential fines for users attempting to bypass the ban via VPNs, these reach 50,000 reais or about $8,900, according to BBC. X’s refusal to comply with local regulations and take down certain accounts increased tensions and brought the full force of the court against the platform.
For X, Brazil is a very important market, with about 40 million Brazilian users on the platform every month, CNN reported. However, since Musk acquired former Twitter back in 2022, the company has been beset by problems, including a significant decline in advertising revenues.
Brazilian X Suspension to Cause Chaos in the Crypto Community of Brazil
The move, in turn, could have rippling effects on the fast-growing cryptocurrency community in Brazil. X has been considered a digital town square, the central hub for crypto enthusiasts where discussions, dissemination of information, and updates on markets occur.
The Brazilian X suspension might hamper the flow of news on cryptocurrencies and also impede communication among traders and investors in the region, where interest has been rising. Asset management giant BlackRock recently extended its Bitcoin ETF and Ethereum ETFs in the region.
Visited 17 times, 17 visit(s) today