Bitcoin

The ban follows Australia's lead, indicating a global trend toward tighter control of online interactions. For crypto markets, this could accelerate interest in uncensorable, permissionless platforms (e.g., decentralized social networks) but also raise fears of broader government overreach into digital assets—especially if regulators start linking social media risks to crypto wallets or tokens used in games and chatbots.

UK Prime Minister Keir Starmer announced a total social media ban for children under 16, following Australia's similar policy, with measures also restricting online interactions for minors.