Thailand threatens Facebook over crypto scams and other fraudulent ads
1 min read
Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.
On Aug. 21, the Ministry of Digital Economy and Society (MDES)
The ministry warned on how such scams typically operate saying consumers should be wary of promises of high and guaranteed returns along with ads using images of well-known figures.
Investments that pressure or give incentives to quickly invest with limited offers should also be approached with caution as well as businesses or platforms with no verifiable information.
Cointelegraph contacted Meta but did not immediately receive a response.
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