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Not correct, it's live in many countries (including the UK). The main area it hasn't launched is the EU due to legal concerns.

Legal concerns = It can't work without violating rudimentary privacy and tracking restrictions mandated by the EU.

It doesn’t work in China for the same reason.

I *highly* doubt that the reasons are the same for EU and China.

I suspect the reasons are the same (privacy), but the motivation behind them to be quite different…

Note that while it's officially banned, there are ways to access it and people are doing that.

> Threads, launched on Wednesday evening US time, already ranked fourth among free social media apps in Apple’s iOS store in China

> The app has gained traction even though users based in China must use virtual private networks to access the platform.