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Over 300 slaves have reportedly been freed from Myanmar crypto scam centers after Thailand’s government cut off electricity, internet, and fuel along the Myanmar-Thailand border.  Dimsum Daily reports that 100 people have been freed from scam centers in Tachilek City and moved to the Mae Sai district in Thailand. Nation Thailand, meanwhile, reports that 261 victims have been freed today from scam centers in KK Park and Shwe Kokko and will be sent to the Phop Phra district in Tak province. Various raids are being carried out while authorities gather at the border to transfer the victims. However, Thailand’s Deputy Prime Minister and Defense Minister, Phumtham Wechayachai, reportedly said refugee camps would not be set up for people coming from scam centers .  Thailand cuts power to Myanmar crypto scam center regions Read more: Single Chinese ‘pig-butchering’ operation made $100M in USDT, report He said, “If their native countries will not accept them, we w...

Thailand’s Securities and Exchange Commission (SEC) introduced new regulations aimed at digital assets.  The guidelines mandate that digital asset service providers must provide comprehensive risk warnings to ensure awareness of the potential risks involved in cryptocurrency trading. Enhance investor protection On July 3, the Securities and Exchange Commission (SEC) of Thailand unveiled new rules regarding digital asset trading and services, with the details published in the Royal Gazette.  The key highlights include a mandatory risk disclosure for cryptocurrency trading and a ban on deposit-taking and lending services. Starting from July 31, 2023, operators, brokers, and traders in cryptocurrency trading centers must provide a clear warning about the high-risk nature of cryptocurrencies, ensuring users understand the potential loss of their entire investment. Users must also receive an investment suitability assessment and information on appropriate investme...