RATE Group | Thailand Braces for Growing Wave of Cryptocurrency-Related Cybercrimes
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Thailand Braces for Growing Wave of Cryptocurrency-Related Cybercrimes

01 Sep Thailand Braces for Growing Wave of Cryptocurrency-Related Cybercrimes

Posted at 08:03h in Cryptocurrency News by

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Criminal activity involving cryptocurrencies in the country of Thailand remains low, but it is expected to soar. This is according to a recent study that has highlighted the rise in illegal, transnational organized crime activities in the Southeast Asian country.

Crypto Expected to Facilitate a Rising Crime Wave

The Phuket News news outlet recently reported on some key findings from a study carried out by the Thailand Institute of Justice (TIJ), and the UN Interregional Crime and Justice Research Institute.

The study indicated the growing rate of different forms of organized crime including money laundering, ID cards and travel document forgery, credit card information theft, call center scams, and drug smuggling.

Crimes related to cryptocurrencies did not make the list. However, they have been cited for facilitating value transfer for the transactions involved in a wide array of increasingly popular crimes among gangs in Thailand.

According to the United Nations Office on…

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