Thai police raid five cryptocurrency companies and arrest 11 people

BlockBeats News: On March 5th, according to Decrypt, Thailand's Economic Crime Crackdown Department (ECD) recently raided five unlicensed cryptocurrency companies located in Bangkok, Phra Nakhon Si Thammasat, and Phra Nakhon Si Thammasat, arresting 11 individuals involved in the case. This operation targets illegal cryptocurrency trading activities, involving companies with an annual transaction volume of up to 1 billion Thai baht (approximately 29.3 million US dollars). The police seized 6 computers and related evidence at the scene, including company executives and ordinary employees. ECD Commander Thatphum Jaruprat stated that the case is still under further investigation, and Thai authorities will continue to crack down on illegal financial activities and maintain market order.