Thailand Warn Meta to Rein in Crypto Scams or Face Expulsion

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A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes.

Thailand’s Ministry of Digital Economy and Society has told Meta's Facebook to curb the number of fraudulent crypto investment scams being advertised on the site, or risk being expelled from the country.statement published on the Ministry’s website

. Chaiwut Thanakmanusorn, the Minister in charge of DES has asked a Thai court to prepare an order that would shut down Facebook by the end of the month if the platform doesn’t comply. Over the course of three years, Facebook has gradually eased its restrictions on cryptocurrency and blockchain-related advertisements,

 

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