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Market News

Brazil Supreme Court Backs Ban on Elon Musk’s X Platform

Written By:
Iyiola Adrian

Last updated: September 3, 2024 11:02 AM
Published September 3, 2024 3:08 AM
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Last updated: September 3, 2024 11:02 AM
Published September 3, 2024 3:08 AM
Brazil Supreme Court Backs Ban on Elon Musk’s X Platform

The Brazilian Supreme Court has confirmed its decision to suspend the popular social media platform X, Twitter, in a ruling on September 2.

According to reports from New York Times, a panel of 5 judges has supported the ban which Justice Alexandre de Moraes ruled on Aug 31.

According to previous reports, the suspension came after Elon Musk defied a court order by refusing to appoint a legal representative for the company’s operations in Brazil.

Following the ban news, Musk criticized Justice de Moraes on X, accusing him of “illegal political censorship” and calling him an “Evil dictator.” 

Despite these criticisms, the court has decided to back de Moraes’ decision, stating that companies, no matter how large, must follow the law.

Justice Flavio Dino, one of the justices involved, said that the social media platform cannot ignore Brazilian laws simply because of its global influence. 

“X seems to believe it’s above the law, Economic power and the size of a bank account do not give rise to outlandish immunity.” Flavio Dino said

This legal dispute between Musk and Justice Alexandre de Moraes has been ongoing for months. The issue began with concerns about fake information spreading on X about the former Brazilian president Jair Bolsonaro.

According to the court’s ruling, X will remain suspended until it pays fines totaling over $3 million. 

Additionally, any Brazilian who is caught using virtual private networks (VPNs) to access the platform could face fines of up to 50,000 reais, or about $8,900.

Also Read: “America is in the fast lane to bankruptcy” – Elon Musk

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.

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