RATE Group | Thailand’s Deputy Prime Minister Calls for More Cryptocurrency Regulations
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Thailand’s Deputy Prime Minister Calls for More Cryptocurrency Regulations

10 Nov Thailand’s Deputy Prime Minister Calls for More Cryptocurrency Regulations

Posted at 10:45h in Cryptocurrency News by

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Thailand Bitcoin cryptocurrency



The Deputy Prime Minister of Thailand, Wissanu Krea-ngam, has called for the enhancement of cryptocurrency regulations in the country.

Speaking during the fourth regional Counter-Terrorism Financing Summit which took place in Bangkok, Wissanu argued that there was a need for more domestic and international legal measures to be put in place to prevent the misuse of cryptocurrencies.

In the summit which was hosted by Thailand’s Anti-Money Laundering Office in partnership with other regional bodies, Bangkok Post reported that Wissanu urged terrorism and anti-money laundering experts not to be complacent. Instead, the Thai English publication reported, they ‘should update their knowledge so they will not lag behind criminals’.

Updates Needed

According to Wissanu, the largely anonymous nature of cryptocurrencies makes it difficult for authorities to identify the bad actors. But while the Thai government has enacted various measures intended to…

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