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Reading: Malaysia Grants Licences to WeChat and TikTok Below New Regulation
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StockWaves > Financial News > Malaysia Grants Licences to WeChat and TikTok Below New Regulation
Financial News

Malaysia Grants Licences to WeChat and TikTok Below New Regulation

StockWaves By StockWaves Last updated: January 2, 2025 3 Min Read
Malaysia Grants Licences to WeChat and TikTok Below New Regulation
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January 2, 2025January 2, 2025



Malaysia’s communications regulator has granted licences to WeChat and TikTok to function beneath a brand new social media legislation, although another platforms haven’t utilized.

Malaysia’s new social media legislation requires platforms with over 8 million customers to acquire a licence by 1st January or face authorized motion.

WeChat and TikTok obtained licences, Telegram is within the remaining levels, and Meta has began licensing.

X didn’t apply, claiming its person base was under the 8 million threshold, and the regulator is reviewing this.

Google’s YouTube has not utilized as a consequence of considerations over its classification beneath the legislation.

Violating platforms could face investigation and regulatory actions.

Malaysia has seen an increase in dangerous content material, urging platforms to enhance monitoring of points like on-line playing, scams, and cyberbullying.

Impartial information reveals WeChat has 12 million customers, YouTube 24.1 million, TikTok 28.68 million, Fb 22.35 million, and X 5.71 million customers in Malaysia.

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