Thailand targets foreign crypto P2P services in new anti-crime laws

Thailand is beefing up measures to combat online crimes involving digital assets by passing new amendments to several national laws. Thailand’s cabinet on April 8 passed a resolution approving amendments to emergency decrees on digital asset businesses and on measures for cybercrime prevention, the Thai Securities and Exchange Commission (SEC) announced. As part of the new laws, Thai regulators aim to strengthen measures for combating digital asset mule accounts in banks, restrict foreign cryptocurrency peer-to-peer (P2P) platforms and introduce strict financial penalties of as much as $8,700 and imprisonment of up to three years. The new laws are expected to be enforced in the near future, and will take effect after being published in the Royal Thai Government Gazette, the announcement stated source: https://cointelegraph.com/news/thai-sec-foreign-crypto-p2p-cybersecurity-laws?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound