Facebook Thailand Operations In Jeopardy Due To Claims Of Crypto Scams, Deceptive Ads

2023-8-22 20:00

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.” 

With repeated appeals to Facebook to expunge identified scam ads yielding no action, the Ministry of Digital Economy and Society finds itself compelled to pursue court intervention. Paramount to their mission is the safeguarding of citizens from falling victim to these manipulative and fraudulent stratagems.

Crafty Tactics: Celebrities & Financial Bigwigs

The repertoire of scams identified by MDES is remarkably diverse, encompassing fraudulent activities spanning crypto investment to trading schemes. To ensnare unsuspecting prey, these illicit ads resort to an array of cunning tactics. Some even exploit the credibility bestowed upon notable personalities by featuring images of celebrities and prominent financial figures. 

Coupled with promises of exorbitant daily returns soaring up to 30%, these schemes artfully manipulate individuals into surrendering their financial assets.

The Ministry issued an unequivocal caution against the telltale hallmarks of such scams, imploring the public to exercise vigilance against enticing yet suspicious offers and profiles.

Ministry spokesperson Wetang Phuangsup delved into the ongoing endeavors, saying authorities are meticulously amassing evidence to substantiate Facebook’s role in perpetuating fraudulent activities, which they will reportedly present in due course before the court.

Total Shutdown On The Horizon?

The trajectory of action, while undoubtedly audacious, hinges on the magnitude of Facebook’s complicity in propagating these scams.

Potential outcomes range from the shutdown of identified pages and accounts linked to fraudulent activities to the seismic step of entirely shuttering the platform within Thailand’s jurisdiction.

As Thailand prepares to grapple with the tempest of deceptive ads and crypto scams, the destiny of Facebook’s operations in the nation hangs precariously in the balance.

The evolution of the digital realm necessitates a united front from both platforms and regulatory bodies to ensure a secure and safe online experience for users.

Featured image from Website Right

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Facebook Libra (LIBRA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 LIBRA

against facebook crypto scams action thailand plan

against facebook → Результатов: 126


In the Battle Against Censorship, This Project Turns the Tide on the Big Tech Monopoly

ArGoApp provides a one-stop-shop for websites and applications to deploy on a censorship-resistant blockchain with 100% uptime When it comes to freedom of speech, concerns over censorship have been gradually rising over the years, with the likes of Amazon, Google, Facebook, Apple and Alibaba tightening their grip over the technology industry and forming a formidable monopoly.

2021-8-20 12:15


Irony or Crushing The Competition? Facebook Continues To Block Crypto Ads, Despite Libra Effort

At the height of the crypto hype bubble, Facebook, Google, and other tech giants made an effort to block cryptocurrency-related advertisements and promotions from their platforms. While Facebook claims to have loosened their policy against crypto the firm continues to limit cryptocurrency ads from reaching customers on its social media platform – even despite attempting to launch a cryptocurrency of its own.

2020-6-11 18:00


Фото:

US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and Whatsapp

Under the guise of fighting against online child pornography, American politicians are trying to effectively ban end-to-end encryption on all communication technology platforms for everyone. Newly proposed legislation could force companies like Apple, Google and Facebook to create back doors on their services to make sure law enforcement can easily monitor everything they want or […] The post US Politicians Want to Ban End-to-End Encryption on Messaging Services like Telegram and Whatsapp appeared first on Bitcoin News.

2020-2-2 22:15


Creator Of ‘Big Brother’ And ‘The Voice’ Wins Legal Battle Against Facebook For Bitcoin Scams

A Dutch court has recently ruled that all fraudulent ads involving Bitcoin must be removed from Facebook. The case started when the Dutch millionaire John de Mol sued the social media company. He started the process some months ago after Facebook failed to remove fake ads that used his and other celebrities’ images. According to […]

2019-11-12 02:05


European Union Ponders Issuing a Public Digital Currency to Compete With Facebook’s Libra

The European Central Bank (ECB) has recently considered the idea of issuing its public digital currency via a new draft document, according to Reuters. This is seen as a response against the Facebook backed project, as the company’s upcoming launch of the Libra has made regulators all over the world wary. Since Facebook shared plans […]

2019-11-5 21:25


Фото:

Lyn Ulbricht Speaks Out Against Unfair Silk Road Sentencing and Government Hypocrisy

U.S. representative Ann Wagner noted at a recent hearing that child pornographic material has been reported on Facebook more than any other site. Lyn Ulbricht, mother of currently imprisoned Silk Road founder Ross Ulbricht, spoke out in a video livestream Wednesday against her son’s unfair sentencing and the hypocrisy of allowing sites like Zuckerberg’s to […] The post Lyn Ulbricht Speaks Out Against Unfair Silk Road Sentencing and Government Hypocrisy appeared first on Bitcoin News.

2019-10-26 23:16


Фото:

US and UK pressure Facebook for backdoor access to WhatsApp messages

The tug of war between privacy and security has come to the fore again. This time, the US, the UK, and Australia are making a case against end-to-end encryption (E2EE), calling on Facebook to delay its plans to implement the privacy feature across its messaging apps until “there is no reduction to user safety and without including a means for lawful access to the content of communications to protect our citizens.

2019-10-4 12:39


Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report

Facebook’s cryptocurrency Libra has been in hot water ever since the social media giant released the whitepaper earlier this year. Central banks and governments across the globe have put together a concerted effort against Libra, putting Facebook executives in the dock time and again as they fear that the social media giant is out to […] The post Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report appeared first on CCN.com

2019-10-2 11:06


Major US Banks Caution Federal Advisory Council Against Libra Becoming A ‘Shadow Banking’ System

Facebook's nascent crypto project Libra continues to run in trouble even before the actual launch. The project has managed to enrage regulators, central banks and governments around the globe, who believed Facebook was merely using the name of blockchain to start a parallel monetary system, piggy riding the existing framework in which institutions pay billions […]

2019-10-1 22:09