No, the UK's Online Safety Act Doesn't Make Children Safer Online
Briefly

Young people need to freely access online information and interact without government restrictions on speech. The Online Safety Act in the UK compels all websites to verify the user's age to restrict children's exposure to harmful content. This act aims to make the UK the safest online environment by enforcing strict regulations on platforms. Sites that fail to comply risk hefty fines or service blockage. The legislation categorizes harmful content, including sexual, violent, and bullying material, imposing significant responsibilities on internet services to protect young users.
The Online Safety Act mandates that any site accessible in the UK must enforce age checks to prevent children from seeing harmful content, risking fines of up to 10% of global revenue for non-compliance.
Priority content deemed harmful to children includes pornographic material, abusive content, and any content that promotes self-harm, violence, or serious injury.
Read at Electronic Frontier Foundation
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