Thailand Threatens to Sever Access to Facebook Over Crypto Scams

Bernard Nicolai

Bernard Nicolai

Thailand Threatens to Sever Access to Facebook Over Crypto Scams
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The Government of Thailand Threatens to Sever Access to Facebook Due to Crypto Scams

The government of Thailand is planning to shut down Facebook in the country due to the increasing prevalence of cryptocurrency and other scams on the platform. The Digital Economy and Society (DES) Ministry will use Thailand’s strict computer crime laws to file charges against Facebook and the scammers it allows on the platform.

  • The DES Ministry will request a criminal court order to shut down Facebook in Thailand.
  • Thailand’s strict computer crime laws will be leveraged to file charges against Facebook and scammers.
  • Facebook has failed to screen fraud and prevent pages sponsoring scams.
  • The Thai Police will also file lawsuits against the scammers in both criminal and civil courts.
  • Around 70% of online scams in Thailand occur on Facebook.

The issue is exacerbated by the fact that Facebook has a massive user base in Thailand, with 65 million users. There have been around 300,000 complaints regarding Facebook fraud in both criminal and civil courts.

Social Media Scams Rife on Facebook and WhatsApp

Scammers continually evolve to evade Facebook’s algorithms, according to the country director for Meta in Thailand. In 2022, the Australian financial watchdog sued Meta for publishing crypto scams on Facebook. In 2021, a California class-action lawsuit accused the company of working with scammers through misleading ads and targeting users.

Additionally, WhatsApp, owned by Meta, is also becoming a hotbed for scammers who try to deceive users into giving away their money.

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Hot Take: The Thai government’s threat to sever access to Facebook is a strong response to the prevalence of crypto scams on the platform. This highlights the urgent need for social media companies to take stricter measures in screening and preventing fraudulent activities. However, completely shutting down Facebook may not be the most effective solution, as scammers are likely to migrate to other platforms. A comprehensive approach that involves collaboration between governments, social media companies, and law enforcement agencies is necessary to combat these scams effectively.

Bernard Nicolai
Author – Contributor at | Website

Bernard Nicolai emerges as a beacon of wisdom, seamlessly harmonizing the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the labyrinth of digital assets, Bernard’s insights echo like a resonant chord, touching the minds of seekers with diverse curiosities. His talent for deciphering the most intricate strands of crypto intricacies seamlessly aligns with his editorial finesse, transforming complexity into a captivating narrative of comprehension.

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