Thailand has intensified its anti-money laundering efforts, with its cryptocurrency platform freezing 10,000 accounts.

PANews reported on March 11 that, according to the Bangkok Post, Thai digital asset operators have frozen over 10,000 suspicious cryptocurrency accounts under newly implemented "speed bump" measures to combat money laundering activities through "money mule accounts." The president of the Thai Digital Asset Operators Trade Association stated that criminal networks typically disperse illicit funds into multiple bank accounts, then centrally transfer them to crypto platforms and quickly convert them into digital assets for export. The new measures stipulate a 24-hour transaction lock for transfers of 50,000 baht or more, during which time users must complete additional KYC verification (such as video verification) before the funds are released.