Portugal news - Portugal's Central Bank stops publishing on X (former Twitter) & chooses Bluesky.
Portugal’s Central Bank, Banco de Portugal, published a post on Elon Musk's social network saying that it was their last post to announce that Banco de Portugal had formerly abandoned X:
“@banco de Portugal has decided to discontinue its publications on X. This account will continue to exist as an archive. We remain active on Linkedin, Instagram and YouTube. Find out more about Banco de Portugal at bportugal.pt.” The post ends with the hashtag #goodbyeX.
On the other hand, Portugal’s Central Bank has announced on Linkedin, that they will be replacing X with Bluesky: “New platform, new connections. We are getting closer. Hello, Bluesky!”
Bluesky is a social media platform similar to X where users can share short posts containing text, images, and videos. It is owned by Bluesky Social PBC, a benefit corporation based in the United States.
Portugal’s Central Bank had already announced that the Court of Auditors had decided to abandon both X and Facebook, due to "numerous situations that violate national legislation and European Union legislation".
In a ruling, the Court of Auditors of Portugal’s Central Bank explains that it has used these platforms as “official channels for disseminating its activity”, but that they have “been sanctioned for violating fundamental rights, in particular for failure to comply with data protection and consumer protection legislation.”
The document adds the platform X has abandoned content verification, which has resulted in the proliferation of hate speech, and the use of this platform to promote disinformation is evident.
Recently, the Facebook platform announced the end of fact-checking and of the moderation of hate speech, thus disregarding the legal framework of the European Union, in particular the Digital Services Regulation”.
Germany’s Central Bank, the Deutsche Bundesbank, also decided to abandon X, together with other international media outlets such as The Guardian, La Vanguardia and Le Monde.
In November, account deactivations on X peaked the day after the US election, with more than 280,000 deactivations recorded across the web globally on November 6. In the US alone, around 115,000 people have already left the X platform.