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

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Yuri Molchan
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
Cover image via U.Today

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.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.