Thailand Imposes New Crypto Regulation

The country of Thailand is home to 697,780 cryptocurrency accounts.

With the surge of cryptocurrency users, the government is taking a better grip on the cryptocurrency space.

News from Bangkok Post states the Anti-Money Laundering Office (Amlo) imposes a new regulation.

Starting September this year, local digital exchanges must verify their customers’ identities through a “dip-chip” machine that requires clients to be physically present.

This move is part of the government’s initiative to combat money laundering and tax evasion that is always associated with the cryptocurrency space.

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