Thailand to introduce in-person KYC for crypto exchanges

Cointelegraph

Published May 02, 2021 11:57PM ET

Updated May 04, 2021 02:00AM ET

Financial regulators in Thailand are preparing to tighten restrictions surrounding new account creation at crypto asset exchanges.

According to a Monday report from Bangkok Post, the country’s Anti-Money Laundering Office announced that as of July, crypto exchanges must verify the identities of new customers in-person using a “dip-chip” machine.

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