• The Ministry of Thailand announced its decision to move against Facebook concerning its security issues.
• Facebook has reportedly received advertisement fees from scammers who misled more than 200,000 individuals to invest in fake businesses.
• Minister Chaiwut Thanakmanusorn stated that Facebook needs to take immediate action if it wishes to continue its services in Thailand.

The government of Thailand has reportedly taken the initiative to request the court for a legal closure of Mark Zuckerberg’s social media platform Facebook in the country, concerning the platform’s alleged involvement in fake investment scam advertisements. In a meeting conducted on August 21, Chaiwut Thanakmanusorn, Minister of Digital Economy and Society (MDES), and the other leading members of the ministry addressed the security issues posed by the platform as it allegedly misled more than 200,000 people via fake crypto scams.

As per the report, Facebook has been partially responsible for manipulating the public to invest in fake businesses and government agencies.  The platform purportedly received advertisement fees from those scammers who exploited the community through crypto tr…

The post Thailand Could Shut Down Facebook for Promoting Crypto Scam Ads appeared first on Coin Edition.

• The Ministry of Thailand announced its decision to move against Facebook concerning its security issues.
• Facebook has reportedly received advertisement fees from scammers who misled more than 200,000 individuals to invest in fake businesses.
• Minister Chaiwut Thanakmanusorn stated that Facebook needs to take immediate action if it wishes to continue its services in Thailand.

The government of Thailand has reportedly taken the initiative to request the court for a legal closure of Mark Zuckerberg’s social media platform Facebook in the country, concerning the platform’s alleged involvement in fake investment scam advertisements. In a meeting conducted on August 21, Chaiwut Thanakmanusorn, Minister of Digital Economy and Society (MDES), and the other leading members of the ministry addressed the security issues posed by the platform as it allegedly misled more than 200,000 people via fake crypto scams.

As per the report, Facebook has been partially responsible for manipulating the public to invest in fake businesses and government agencies.  The platform purportedly received advertisement fees from those scammers who exploited the community through crypto tr…

The post Thailand Could Shut Down Facebook for Promoting Crypto Scam Ads appeared first on Coin Edition.