Thai police raided five unauthorized cryptocurrency companies, arrested 11 people, and seized six computers and other evidence. The investigation shows that these companies illegally operate electronic currency businesses with an annual transaction volume of about 1 billion Thai baht (approximately 29.3 million US dollars), serving as intermediaries to assist local investors in purchasing overseas investment products. ECD pointed out that its violations constitute money laundering risks and lead to capital outflows. Recently, Thai authorities have been continuously cracking down on illegal cryptocurrency activities, including proposing to ban Polymarket in January and jointly freezing $2.5 million in cryptocurrency assets with China last month, and arresting two Chinese citizens involved in fraud and human trafficking. （Decrypt） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38915