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

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

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.

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

Unlocked by Template (1).jpg

Research

As AI supercharges surveillance, privacy becomes a prerequisite and the winning stack will combine confidentiality with selective disclosure. Zcash’s Tachyon, composable standards on Ethereum/Solana, and compliance-aware pools aim to make private rails the new norm.

article-image

Bain Capital Crypto and Haun Ventures co-led the round as demand grows for Bitcoin-denominated savings and annuities

by Blockworks /
article-image

NYSE owner’s investment values the prediction market at $8–9 billion, signaling Wall Street’s entry into event-based trading

by Blockworks /
article-image

Pineapple begins deploying its $100 million Injective Digital Asset Treasury, staking INJ to earn yield and fund onchain mortgage ambitions

by Blockworks /
article-image

Staking levels in the ether funds will depend on protocol unstaking queue times and anticipated redemption activity, firm says

article-image

ETF inflows, miner strength, and tightening supply drive Bitcoin past its prior peak amid renewed demand for scarce assets

by Blockworks /
article-image

The Guidestar team, led by Alex Nezlobin, will join Uniswap Labs to enhance automated market maker design and smart order routing

by Blockworks /