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.

Daniel Kinahan Set To Apply For Bail
Former Swimming Coach George Gibney Jailed For Over 15 Years For Sexual Abuse Of Children
Robert Pether Returning To Ireland After Five-Year Iraqi Detention
Over 23,000 Teachers Beginning Industrial Action Today
New Funding Announced For Youth Services And Counselling In Kildare On World Mental Health Day
Jury In Triple Murder Trial Of Louth Family Sent Home
Appointment Cancellations Expected As Strikes To Take Place Next Week
Families Face Delays Arranging Funerals Amid Pressure On Post-Mortem Services