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Thailand Authorities Target Crypto Peer-to-Peer (P2P) Trading Regulations to Combat Online Fraud

Authorities in Thailand are targeting peer-to-peer (P2P) trading as part of broader efforts to tackle online fraud in the country. In a meeting, several state agencies called for regulating P2P crypto trading and digital asset purchases to protect people from financial loss.

Thailand to Prevent Scammers from Cleaning Money via P2P Trades

In attendance were representatives from several agencies, including the Defense Ministry, the Thai Securities and Exchange Commission, the Royal Thai Police, and the Bank of Thailand. Others were the Department of Special Investigation, the National Broadcasting and Telecommunications Commission (NBTC), the Thai Bankers’ Association, the Interior Ministry, the National Electronics and Computer Technology Center, and the Department of Special Investigation.

The meeting was led by the Thai Minister for Digital Economy and Society, Prasert Jantararuangthong. The participants met following a recent order from Prime Minister Srettha Thavisin. The Prime Minister gave agencies 30 days to disclose plans to crack down on growing online fraud.

According to a Bangkok Post  License.

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