Check out Why Thailand Warns Facebook Regarding Crypto

Thailand's Ministry of Digital Economy and Society (DES) has cautioned Meta's Facebook Regarding Cryptocurrency Scams.

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Thailand Warns Meta's Facebook to address rampant fraudulent crypto investment ads, affecting over 200,000 people.

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DES Minister Chaiwut Thanakmanusorn has sought a court order to potentially expel Facebook from Thailand if it fails to counter these scams by month-end.

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Facebook (now Meta) has gradually relaxed its crypto ad restrictions over three years, accepting more regulatory licenses for such content.

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Previously, Meta faced legal action in Australia for allegedly allowing misleading crypto ads tied to celebrities.

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The incident reflects wider regulatory concern about social media platforms and deceptive cryptocurrency content.

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The situation highlights the need for vigilant ad monitoring to safeguard users and the crypto industry's image.

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