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Thailand is stepping up its fight against money laundering. Crypto platforms in the country have alr

2026-03-11 10:22:30

Thailand Freezes 10,000+ Crypto Accounts Under New 'Speed Bump' Rules Targeting Money Mules

Thailand is tightening the screws on crypto laundering. According to the Bangkok Post, digital asset operators have frozen more than 10,000 suspicious accounts under new "speed bump" measures designed to disrupt money mule networks. The modus operandi? Criminals spread illicit funds across multiple bank accounts, consolidate them on crypto platforms, and flip them into digital assets—fast—before moving the money offshore.

The new rules target transfers of 50,000 baht or more with a 24-hour hold. During that window, users must pass extra KYC checks—think video verification—before funds get released. It's a speed bump meant to stop the money from running.

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