Thailand is tightening its grip on digital assets with new laws to combat online crimes. š§
- The Thai cabinet approved amendments to tackle digital asset mule accounts and restrict foreign crypto P2P platforms.
- Penalties include fines up to $8,700 and imprisonment for up to three years.
- New regulations require crypto asset service providers to report scam-linked transactions and suspend them.
- Foreign CASPs face restrictions, aiming to keep crypto P2P transactions local.
- Thailand is also exploring crypto payment trials in cities like Phuket, showing interest in growing crypto adoption.