To take action against crypto scams, Thailand is on the brink of unleashing a dramatic move against tech titan Facebook. The Ministry of Digital Economy and Society (MDES) has unveiled a formidable plan to obtain a court-issued shutdown order against Facebook, unless the social media giant takes swift action to quell the surge of fraudulent advertisements.
These deceitful campaigns, responsible for duping a staggering 200,000 victims, peddle fake investment opportunities and crypto scams, leaving a trail of financial ruin in their wake.
Thailand’s Resolve To Safeguard Citizens Vs. Facebook Crypto Scams
Chaiwut Thanakamanusorn, a prominent spokesperson for the ministry, conveyed the government’s unwavering stance to Reuters, an esteemed international media agency.
He emphasized:
“We are asking the court to close Facebook, not allowing it to provide services in Thailand if they let these fake pages scam people.”
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