Thai cryptocurrency operators froze more than 10,000 accounts suspected of money laundering following stricter anti-money laundering checks. The CEO of KuCoin Thailand highlighted that these measures led to the identification of numerous mule accounts.
In February 2025, Thailand’s SEC and various regulatory bodies worked together to combat money laundering in the crypto sector, resulting in the freezing of nearly 47,700 mule accounts. This collaboration aims to strengthen the integrity of the digital asset space.
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