Thai Officials to Fight Crypto-Based Crimes by Launching New Wallet

  • Yuri Molchan
    📰 News

    AMLO is mulling the making of a brand-new digital wallet in order to struggle with crimes connected with virtual coins. Wallet intends to store confiscated coins


Thai Officials to Fight Crypto-Based Crimes by Launching New Wallet

It has been reported that the Anti-Money Laundering Office (AMLO) is mulling the making of a brand-new digital wallet in order to struggle with crimes connected with virtual coins. The wallet is intended for storing confiscated coins from criminals.

Overall, recently Thai regulators have been doing their best to bring the situation with crypto-related crimes to an acceptable scale by implementing new laws for exchanges and concerning ICO projects. Now AMLO plans to deal with scammers and other dishonest players to protect local investors from losing their funds.

Cover image via u.today
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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