Share this article
Thailand to Bring Cryptocurrency Under Anti-Money Laundering Rules
Thailand's anti-money laundering regulator is planning to amend the country's laws to mandate reporting by cryptocurrency exchanges.
Updated Sep 14, 2021, 1:51 p.m. Published Aug 5, 2019, 1:03 p.m.
Thailand's anti-money laundering regulator is planning to amend the country's laws to include cryptocurrency.
Speaking to the Bangkok Post, Police Major General Preecha Charoensahayanon, secretary-general of the Anti-Money Laundering Office (Amlo), said he believes that, while currently not an issue, cryptocurrency "will be a tool of new money laundering."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Preecha said that Amlo currently does not receive complaints around money laundering involving cryptocurrencies, but warned:
"We may not find any clue, but that doesn't mean the wrongdoing does not occur."
The secretary-general argued that criminals will increasingly turn to digital assets to conceal their ill-gotten proceeds.
To prepare for this shift, he told the Bangkok Post he plans to alter the country's laws to bring cryptos into the AML regime, starting with the Anti-Money Laundering Act.
Preecha indicated would add a rule requiring cryptocurrency exchange platforms to report activities to the Amlo, adding that such information is crucial to track laundered money over the internet.
The legal changes would corresponds with international standards on crypto exchange service providers, he said.
Thailand is a member nation of the Financial Action Task Force (FATF) – an international money-laundering watchdog – which recently issued recommendations that cryptocurrency platforms monitor and report suspicious transactions.
It also included a controversial requirement that “virtual asset service providers” (VASPs), including crypto exchanges, pass information about their customers to one another when transferring funds between firms.
FATF further proposed that member countries should consider mandating that exchange providers to register with relevant authorities.
Bangkok image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Internet Computer climbs back to $3 as short-term momentum improves
ICP pushed above the $3 level on rising activity, holding recent gains as traders reassess near-term direction.
What to know:
- ICP rose about 2.7% to roughly $3.00, reclaiming a closely watched psychological level.
- Trading activity increased during the move higher, accompanying the push through resistance near $2.95–$3.00.
- Price has since stabilized just above $3, keeping attention on whether the level can hold as near-term support.
Top Stories
