Malaysia’s communications regulator has granted licences to WeChat and TikTok to operate under a new social media law, though some other platforms have not applied.

Malaysia’s new social media law requires platforms with over 8 million users to obtain a licence by 1st January or face legal action.

WeChat and TikTok received licences, Telegram is in the final stages, and Meta has started licensing.

X did not apply, claiming its user base was below the 8 million threshold, and the regulator is reviewing this.

Google’s YouTube has not applied due to concerns over its classification under the law.

Violating platforms may face investigation and regulatory actions.

Malaysia has seen a rise in harmful content, urging platforms to improve monitoring of issues like online gambling, scams, and cyberbullying.

Independent data shows WeChat has 12 million users, YouTube 24.1 million, TikTok 28.68 million, Facebook 22.35 million, and X 5.71 million users in Malaysia.

The future of investing is here!
Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!