(CBS NEWS) – CBS reports that European Union regulators on Friday said it is fining Elon Musk’s social media platform X $140 million (120 million euros) for violating regulations aimed at protecting internet users in the trading bloc from digital abuses.

The European Commission said that X breached “transparency obligations” under the Digital Services Act (DSA). The fine represents the EU’s first move to sanction a company for violating the law since the law was enacted in 2022.

In a statement issued Friday, the commission accused X of using its ‘blue checkmark’ in a way that deceives users. Anyone can pay to get the verification, making it hard for users to judge the authenticity of the accounts they engage with on the social media platform, the EU said. This could expose users to scams

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