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Thailand: BX Bitcoin Exchange Shutdown Attributed to Stringent Regulations

More updates have emerged regarding the closure of one of Thailand’s largest Bitcoin exchanges, reports the Bangkok Post. Sources say the move was due to the platform not being keen on complying with some of the more stringent anti-money laundering (AML) provisions set forth by regulators. Providing Customer Information As previously reported

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Thailand Gov’t Will Amend AML Laws to Regulate Cryptocurrency

A Thai regulator announced that the regulator will amend regulation to prevent crypto use for illicit activities, English-language local news outlet BangkokPost reports on Aug. 5.AMLO to focus on cryptocurrenciesPer the report, Acting secretary-general of the Thai Anti-Money Laundering Office (AMLO), Pol Maj Gen Preecha Charoensahayanon, stated that cryptocurrencies

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