(Removes Market Chatter tag and updates throughout with additional details from Roblox statement.)

Roblox (RBLX) said Wednesday it will implement new controls on content and communication for users aged below 16 years in Indonesia to address regional requirements.

In a statement sent to MT Newswires, Matt Kaufman, Roblox chief safety officer said, "As a global platform, we are committed to respecting the regional requirements of the countries in which we operate. This commitment is a core part of our long-term strategy to maintain a presence in nearly every country, allowing users all around the world to play and have fun and creators to reach the widest possible audience."

The move follows a recent ministerial regulation requiring gaming platforms to deactivate "high risk" social media accounts for users under 16, with enforcement set to begin from Saturday, according to a Reuters report.

Roblox shares were up 1.7% in Wednesday trading.

Price: 55.93, Change: +0.93, Percent Change: +1.69