Thailand requires in-person KYC for new digital currency exc

Thailand requires in-person KYC for new digital currency exchange signups


Thailand requires in-person KYC for new digital currency exchange signups
Business
New digital currency traders in Thailand will be required to physically present themselves when they open new accounts on exchanges. This is after the country’s regulators revealed a new stringent KYC process that is seeking to stamp out money laundering, scams and other illegal activities from the industry. The new regulations kick in starting September.
Currently, Thai exchanges conduct the onboarding process entirely online—from the application, to the ID submission, verification and account opening. However, according to a report by the Bangkok Post this all changes in three months’ time. The Thai Anti-Money Laundering Office (AMLO) has mandated all exchanges to use the dip-chip machine for identity verification. This machine scans a chip embedded on the Thai national identity card, requiring the customer to be physically present.

Related Keywords

Bangkok , Krung Thep Mahanakhon , Thailand , Thai , Poramin Insom , Thailand Digital Asset Operators Trade Association , Money Laundering Office , Wallets Other Service Providers , Satang Corporation , Bangkok Post , Thai Anti Money Laundering Office , Southeast Asian , Coingeek Live , Digital Currency , Global Compliance , பாங்காக் , தாய்லாந்து , தாய் , பணம் சலவை அலுவலகம் , பணப்பைகள் அதர் சேவை வழங்குநர்கள் , சதாங் நிறுவனம் , பாங்காக் போஸ்ட் , தாய் எதிர்ப்பு பணம் சலவை அலுவலகம் , தென்கிழக்கு ஆசிய , டிஜிட்டல் நாணய , உலகளாவிய இணக்கம் ,

© 2025 Vimarsana