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Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies

21:35 Wednesday , November 07th 2018
The Deputy Prime Minister of Thailand Wissanu Krea-ngam has called for more regulations on cryptocurrencies, local news daily the Bangkok Post reports Nov 8.

Speaking at the Counter-Terrorism Financing Summit, Krea-ngam said that experts should not be satisfied with current security protocols so as not to lag behind criminals that would use cryptocurrencies for funding terrorism or money laundering. He also noted the security challenges posed by the anonymous nature of some digital assets.

"The laws need to be amended in the future so that we can better keep up with technological changes," Krea-ngam said.