Thailand Freezes 10,000 Crypto Mule Accounts as New ‘Speed Bump’ Rule Targets Money Laundering
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Thailand's crypto exchanges (CEX) enforced the new 'Speed Bump' measure and froze more than 10,000 suspicious mule accounts, the Thai Digital Asset Operators Trade Association (TDO) reports. Action targets money laundering, strengthening security and compliance across the crypto sector and could boost institutional and retail adoption while signaling increased regulatory scrutiny for projects, DEXs and token launches.
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Thailand’s digital asset industry has stepped up its efforts to tackle money laundering linked to mule accounts.
Crypto exchanges in the Southeast Asian country have frozen more than 10,000 suspicious accounts under a newly enforced measure known as the “Speed Bump,” according to the Thai Digital Asset Operators Trade Association (TDO).
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