Thailand intensifies anti-money laundering efforts; the country's crypto platforms have frozen over 10,000 accounts.

MarsBitNews · 2026-03-11T02:31:01+00:00

Thailand's digital asset operator has frozen over 10,000 suspicious crypto accounts to combat money laundering activities. The new measures require large transfers to be locked for 24 hours, and users must complete additional verification to release the funds.

MarsBitNews

2026-03-11 02:31:01

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Mars Finance reports that, according to The Bangkok Post, Thai digital asset operators have frozen over 10,000 suspicious cryptocurrency accounts under the newly implemented “speed bump” measures to combat money laundering activities through “money mule accounts.” The chairman of the Thai Digital Asset Operators Trade Association stated that criminal networks often disperse illegal funds into multiple bank accounts, then consolidate and transfer them to crypto platforms to quickly convert into digital assets and transfer abroad. The new measures require a 24-hour transaction lock for transfers of 50,000 Thai Baht or more, during which users must complete additional KYC verification (such as video verification) before the funds can be released.

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