1 year ago
Thailand’s Ministry of Digital Economy and Society (DES) has told Facebook to curb the fig of fraudulent crypto concern scams being advertised connected the site, oregon hazard being expelled from the country.
These fraudulent ads person affected much than 200,000 people, according to a statement published connected the Ministry’s website. Chaiwut Thanakmanusorn, the Minister successful complaint of DES has asked a Thai tribunal to hole an bid that would unopen down Facebook by the extremity of the period if the level doesn’t comply.
Over the people of 3 years, Facebook (now known arsenic Meta) has gradually eased its restrictions connected cryptocurrency and blockchain-related advertisements, CoinDesk has antecedently reported, broadening the criteria and accepted regulatory licenses for moving specified ads.
In March 2022, the company was sued by the Australian Competition and Consumer Commission for allegedly engaging successful false, misleading, oregon deceptive behaviour by publishing scam crypto ads linked to salient Australian celebrities.
Edited by Parikshit Mishra.
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