The Online Safety Code will govern how sites deal with issues such as cyberbullying and harmful content on ten sites and allows for fines up to 20 million Euro for breaches.
New regulations to compel social media companies to act in relation to illegal material should be in place by the end of the year.
The Online Safety Code will govern how sites deal with issues such as cyberbullying and harmful content on ten sites and allows for fines up to 20 million Euro for breaches.
It comes amid a rise in misinformation, threats aimed at politicians as well as anti-asylum seeker riots in Ireland and the UK.
Taoiseach Simon Harris insists the new regulations are not designed to curtail free speech.