Thailand's digital asset operators have frozen more than 10,000 accounts suspected of money laundering as the industry introduces a 'speed bump' mechanism to stall illicit fund movements, according to the Bangkok Post.
Thai Crypto Operators Freeze 10,000 Accounts, Bangkok Post Reports
11 March 2026 - 09:41 CET
By Sandmark staff
The measure, launched by the Thai Digital Asset Operators Trade Association (TDO), mandates a 24-hour holding period for transfers of 50,000 baht ($1,580) or more. During this window, users must complete enhanced verification, including video identity checks, before assets move onchain.
TDO Chairman Att Thongyai Asavanund noted that mule accounts (accounts used by criminals as an intermediary to move and launder illegally acquired funds) remain a critical vulnerability for the sector. The crackdown coincides with broader regulatory tightening, including the rollout of the Travel Rule and stricter Bank of Thailand oversight on transactions exceeding $200,000. While operators face increased compliance costs, the measures aim to attract institutional capital through improved transparency.
