Are there any regulations for cryptocurrency ATMs in Thailand?

3 answers

• May 13, 2022 · 3 years ago
  Yes, there are regulations for cryptocurrency ATMs in Thailand. The country's regulatory authority, the Securities and Exchange Commission (SEC), has issued guidelines for the operation of cryptocurrency ATMs. These guidelines include requirements for KYC (Know Your Customer) procedures, AML (Anti-Money Laundering) compliance, and reporting obligations. Operators of cryptocurrency ATMs are required to register with the SEC and follow these guidelines to ensure compliance with the law.
  489

  245
• May 13, 2022 · 3 years ago
  Cryptocurrency ATMs in Thailand are subject to regulations imposed by the Securities and Exchange Commission (SEC). These regulations aim to prevent money laundering and ensure the transparency of cryptocurrency transactions. Operators of cryptocurrency ATMs must comply with KYC (Know Your Customer) procedures, which involve verifying the identity of users. Additionally, operators are required to report suspicious transactions to the authorities. These regulations help to protect consumers and maintain the integrity of the financial system.
  546

  182
• May 13, 2022 · 3 years ago
  As a leading digital currency exchange, BYDFi adheres to the regulations set by the Securities and Exchange Commission (SEC) in Thailand. Cryptocurrency ATMs in Thailand are subject to these regulations, which include KYC (Know Your Customer) procedures and AML (Anti-Money Laundering) compliance. BYDFi ensures that its cryptocurrency ATMs comply with these regulations to provide a secure and transparent platform for users to buy and sell cryptocurrencies.
  459

  115