Thailand government may build digital wallet to hold crypto assets seized in crimes

Thailand’s legal framework is not build to handle cryptocurrency crimes, making the country a haven for cyber criminals If it launches, the digital AMLO Wallet will not be used to pay for goods, it will not be used to trade for bitcoin and there will be zero intention to scale the product. The wallet, which is the brainchild of Thailand’s Anti-Money Laundering Office, is meant to hold digital currencies that have been confiscated by the police, according to The Nation.

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