Thailand Targets P2P Crypto Purchases, Vows to Combat Online Fraud

Thailand Targets P2P Crypto Purchases, Vows to Combat Online Fraud

Thailand’s state authorities, under the guidance of Prasert Jantararuangthong, the minister for digital economy and society, convened on Tuesday to confront the escalating concern surrounding online fraud, particularly within the domain of peer-to-peer (P2P) cryptocurrency transactions. Representatives from pivotal governmental departments, including the Thai SEC, Bank of Thailand, Royal Thai Police, and Defense Ministry, were actively engaged in the discussions held during the meeting.
Emphasizing the pressing need to regulate P2P crypto purchases, Minister Jantararuangthong underscored that the proposed regulations aim to dissuade scammers from exploiting the channel for nefarious activities. This initiative, forming part of a broader strategy to combat online fraud, signifies the government’s unwavering commitment to ensuring a safer environment for cryptocurrency transactions in Thailand.
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