Thailand’s Minister of Digital Economy and Society (DES) said he might propose to the court to close Meta (previously known as Facebook) to aid the investing of financial scams, including such involving cryptocurrencies. 

According to him, some fraudsters use the social media platform to sponsor their fraudulent schemes and thus con victims.

No More Meta for Thais?

The Ministry of Digital Economy and Society of Thailand has detected that scammers publish fake ads on popular social platforms, such as Meta, to deceive people into investing and later drain their funds. The lawmakers have also noticed that wrongdoers often use the image of well-known figures to display their schemes as more trustworthy.

As such, Chaiwut Thanakmanusorn – Minister of DES – stated that his team might submit a proposal to close the social media giant at the end of the month. Barring access to Meta could help the authorities investigate who stands behind the scams that lure people to distribute money in gold stocks, high-yield lending companies, foreign exchange trading, and cryptocurrencies. 

“DES is in the process of compiling evidence from offenders on the Facebook platform to send the court to close Facebook by the end of this month and ask the court to order the closure of the Facebook region within seven days by Facebook’s offense,” the politician