Chonburi: Central Investigation Police launched Operation Dragon Slayer in Chonburi.
According to Thai News Agency, the Central Investigation Bureau (CIB), through the Police Division 3, Economic Crime Suppression Division, conducted searches across five locations in Chonburi Province. This operation aligns with the Ministry of Finance's initiative to promote cryptocurrency use in Thailand for transactions related to buying or selling goods and services through digital wallets, with a trial set for 2025. The Technology Crime Suppression Division (TCSD) has identified potential issues stemming from illegal activities outside the regulated system and has thus initiated measures to investigate and curb such malpractices.
Officers from the Technology Crime Suppression Division 3 discovered a group of Chinese nationals involved in exchanging cryptocurrencies with call center gangs and Chinese mafia organizations. This exchange was allegedly used to acquire real estate, with ownership held under the guise of juristic persons. These entities purportedly provide tourism services and organize travel packages, subsequently renting these properties to Chinese tourists in Thailand. Payments were accepted in multiple forms, including digital assets like USDT, foreign currencies, or cash. During the 'Chonburi Gray Dragon Slayer Operation', authorities uncovered properties occupied by Chinese tourists and a pool villa being renovated into a tourism rental business, with the company's total value exceeding 20 million baht.
Investigations revealed that over 40 legal entities were registered for the Chinese group in Chonburi Province. Consequently, authorities seized relevant evidence and are preparing to extend the investigation to hold the network accountable.
The Technology Crime Suppression Division cautions the public against supporting or aiding foreigners exploiting legal loopholes for personal gain in Thailand. Such actions may lead to legal repercussions including imprisonment and fines. Furthermore, individuals registering without proper certification or falsifying registration signatures may face charges under Section 267 of the Criminal Code for disclosing false information in official documents.
For those engaged in digital asset exchange, a business license from the SEC is mandatory. Operating without a license constitutes a breach of the Digital Asset Act B.E. 2561, subjecting violators to both imprisonment and fines.