Five people have been arrested in Bangkok, Chon Buri, and Phuket, with raids conducted at eight locations.
During a briefing on Thursday, tokens and other items were displayed after police raids at eight locations associated with illegal crypto trading in Bangkok, Phuket, and Chon Buri.
Police have arrested five suspects involved in illegal cryptocurrency businesses after conducting raids at eight locations in Bangkok and two tourist provinces, with some organizations accused of money laundering for drug and scam networks.
Police Major General Thathfum Jarufat, commander of the Economic Crime Suppression Division (ECD), said at a press conference on Thursday that the operation targeted illegal crypto trading organizations involved in money laundering for illegal businesses.
Last week, raids were conducted at eight locations in Phuket, Chon Buri, and Bangkok. Police Major General Thathfum stated that many currency exchange companies in the three tourist cities were illegally engaged in cryptocurrency business, particularly providing Tether (USDT), to help clients avoid financial transaction scrutiny and evade taxes.