X Platform has been fined 120 million euros by the European Union for violating content regulations, marking the first fine since the implementation of the EU Digital Services Act.

BlockBeats News, December 5th: Social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that the X company violated 3 provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement corrective measures.

The EU's ruling targeted X's blue checkmark verification, lack of ad transparency, and issues with data access by researchers. The EU's tech regulator stated that imposing the maximum fine on X was not the EU's intention. The amount of the fine was deemed appropriate based on the nature of the violation and its impact on EU users. (Jinse)