Thailand seeks to block access to Facebook, citing crypto scams

200,000 people have been impacted by scams in Thailand

article-image

jiraphoto/Shutterstock modified by Blockworks

share

Thailand is threatening to shut down Meta’s Facebook in the country due to scams.

The Ministry of Digital Economy and Society posted the alert on Monday, claiming that over 200,000 people had been impacted by online scams. It notes that crypto scams are popular with “cyber crooks.”

Chaiwut Thanakmanusorn, the Digital Economy minister, “insists that he is ready to submit to the court to close Facebook at the end of this month.”

The ministry claims that it took its concerns to Facebook through a letter, asking for the company to “take action to resolve the issue.” However, it’s unclear if Meta or Facebook has responded.

“In the past, the ministry talked to Facebook all the time, but did not screen advertisers, causing damage to Thai people of more than 100,000 million baht, ” Chaiwut said.

The Ministry argues that Facebook is profiting off ads that are perpetuating scams and that the social media company does not properly screen the ads. Roughly 5,000 fraud ads have been blocked, according to the post. 

Facebook did not immediately return a request for comment.

The move against Facebook comes after Thailand took action against crypto staking in July, with Thailand’s Securities and Exchange Commission announcing the ban on both lending and staking services effective as of Aug. 30.

“It is forbidden to advertise or persuade the general public or do any other act in the manner of supporting the deposit taking & lending service,” the Thai SEC said.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

The next step in Blockworks’ evolution into a data powerhouse increases customizability and autonomy over their high quality charts and data

by Westie /
article-image

Sponsored

With early interest from an initial cohort of brands including Metaplex, Story Protocol, and Pipe Network, Shelby offers decentralized, cloud-speed storage for streaming, AI, and real-time content

article-image

The $135 million raise shows that TradFi giants are serious about crypto adoption

article-image

The banking system still processes payments like it’s 1975. Crypto might have a fix.

article-image

Fiserv’s launch follows Senate passage of the GENIUS Act for stablecoin regulation.

article-image

Bitcoin is emerging as “the new standard for long-term corporate resilience,” Swan Bitcoin CIO says