Thai Authorities Crack Down On Illegal Cryptocurrency Operations

According to BlockBeats, Thai authorities have conducted a significant operation against illegal cryptocurrency activities, targeting five unlicensed companies in Bangkok, Nakhon Pathom, and Samut Prakan. The Economic Crime Suppression Division (ECD) arrested 11 individuals involved in these operations, which reportedly handled an annual transaction volume of 1 billion baht (approximately $29.3 million). During the raids, police seized six computers and other related evidence. Those arrested include both company executives and regular employees. ECD Commander Thatphum Jaruprat stated that the investigation is ongoing, and Thai authorities are committed to continuing their efforts to combat illegal financial activities and maintain market order.