Maraaz 
To social media companies if they do not remove harmful content in the UK. Fines of up to £ 18 million, or 10 percent of their global revenue, could imposed and access to these platforms would be blocked.
The UK government announced the long-awaited Online Security Bill. According to the bill, which is expected to become law next year, the content is created by users or. Social media platforms that allow them to talk online. It will need to prevent and limit the spread of postings that include sexual abuse of children, terrorist material, or incitement to suicide.
Facebook, Instagram, TikTok, Twitter and other popular social media platforms will have to do more to prevent children from being bullied or pornography.
Companies will also create terms and conditions that set out how to deal with posts that may cause serious physical or psychological harm to adults, although content such as anti-vaccine discourse is legal.
Companies that fail to take the necessary steps will be fined up to either £ 18 million or 10 percent of their annual global revenue, whichever is higher.
British media monitoring agency Ofcom will also be able to block access to platforms that do not comply with the law in the UK. Possible penalties for the managers of the relevant platforms will be implemented with a second regulation.
British Minister of Digital, Culture, Media and Sports, Oliver Dowden, said in a statement that the law will create “a new age of accountability”, but it is also important to protect freedom of expression.
