• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Brazilian Supreme Court Suspends X Over Legal Dispute

user avatar

by Giorgi Kostiuk

2 years ago


  1. Supreme Court Decision
  2. Musk's Criticism
  3. Legal Dispute and Consequences

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

    Supreme Court Decision

    According to reports from [NewYork Times](https://www.nytimes.com/2024/09/02/world/americas/brazil-elon-musk-supreme-court.html), a panel of 5 judges has supported the ban which Justice Alexandre de Moraes ruled on August 31. The suspension came after Elon Musk defied a court order by refusing to appoint a legal representative for the company’s operations in Brazil.

    Musk's Criticism

    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.

    Legal Dispute and Consequences

    Justice Flavio Dino, one of the involved justices, 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,' Dino stated. The legal dispute between Musk and Brazil’s judiciary has been ongoing for months. The issue began with concerns about fake information spreading on X regarding 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.

    The legal dispute between Elon Musk and the Brazilian judiciary continues, with final outcomes and consequences under close watch.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

T Rowe Price Introduces Active Crypto ETF for Diverse Digital Asset Exposure

chest

T Rowe Price has filed for an Active Crypto ETF, TKNZ, to hold 5-15 digital assets, marking a shift in the crypto ETF market.

user avatarAisha Farooq

French Gambling Authority Blocks Access to Polymarket

chest

The French National Gambling Authority (ANJ) has ordered internet service providers to block access to Polymarket due to concerns over illegal gambling practices.

user avatarTenzin Dorje

Smarter Web Company Sells Bitcoin to Repay Debt

chest

The Smarter Web Company sold part of its Bitcoin treasury to repay an $11.7 million convertible debt facility, prioritizing balance sheet flexibility over equity dilution.

user avatarBayarjavkhlan Ganbaatar

BancaStato Brings Crypto Trading to Traditional Banking

chest

BancaStato partners with Sygnum and Avaloq to integrate cryptocurrency trading into its banking services, allowing clients to buy, hold, and sell digital assets directly through the bank's platforms.

user avatarMohamed Farouk

Injective Seeks SEC Approval to Become a Transfer Agent

chest

Injective has filed Form TA1 with the SEC to register as a transfer agent, aiming to support regulated real-world asset infrastructure on-chain.

user avatarElias Mukuru

The Critical Role of Transfer Agents in Financial Markets

chest

Transfer agents are crucial for maintaining securities ownership records and facilitating transfers, especially as markets transition to on-chain solutions.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.