| What to Know: – Authorities freeze only suspect funds, not entire crypto accounts, in Thailand. – Anti-Technology Crime Decree 2025 authorizes targeted freezes without full account lockouts. – Approach limits collateral damage to legitimate users and small businesses. |
Thailand’s crypto operators have frozen more than 10,000 accounts in an anti–money laundering (AML) crackdown targeting suspected mule accounts and digital‑asset fraud. The moves are part of a regulator–industry push coordinated with the Anti‑Money Laundering Office and the Bank of Thailand.
Authorities stress precision over breadth: actions generally focus on flows tied to suspicious activity and unlicensed platforms. For users, the key issue is whether entire accounts were frozen or only the suspect funds.
Most interventions involve suspending only the funds linked to flagged transactions, not locking whole accounts. As reported by Kaohoon International, the Anti‑Technology Crime Decree (2025) empowers targeted freezes while other functions typically remain available unless a court order is issued.
This design aims to limit collateral impact on legitimate users and small businesses whose wallets may receive tainted inflows. The distinction helps preserve routine access while investigators isolate suspect balances.
On scale, industry leadership said the latest wave added more than 10,000 suspected mule accounts following stricter screening and enhanced KYC measures. That tally, confirmed by Att Thongyai Asavanund of the Thai Digital Asset Operators Trade Association, underscores tighter platform obligations.
Speed has also intensified. As reported by Nation Thailand, flagged accounts can be blocked or have suspect funds frozen within minutes to a couple of days, with more than 31,000 accounts tied to laundering through cryptocurrencies frozen in 2025. Coordination spans the Securities and Exchange Commission of Thailand, AMLO, the central bank, and cybercrime units.
Officials have clarified how freezes are applied to reduce unintended harm and confusion. The emphasis remains on isolating suspect amounts rather than disabling entire wallets.
“Most account ‘freezes’ are temporary suspensions of specific suspect amounts , not total freezes of entire accounts,” said Wisit Wisitsora‑at, Permanent Secretary at the Ministry of Digital Economy and Society. His clarification aligns with the decree’s targeted approach and helps explain why routine access can continue unless a court order extends restrictions.
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