Thailand's central bank is increasing stablecoin oversight, focusing on USDT, to curb illicit finance and "gray money." Measures target cash, forex, and gold trading, expanding compliance for regulated entities and requiring source-of-funds declarations for high-value transactions.
A human rights group reports over 5,300 individuals, including Chinese, Filipino, and African nationals, remain trapped in Myanmar scam centers near the Thai border. These centers, a multibillion-dollar industry, engage in online fraud and human trafficking, subjecting victims to severe abuse.
Cambodia's crackdown on multibillion-dollar online scam operations has led to a secondary crisis: thousands of stranded foreign workers, previously held hostage and forced to work, are now left without support, facing detention and potential re-trafficking.
Cambodia's crackdown on multibillion-dollar online scam operations has led to a secondary crisis, leaving thousands of stranded foreign workers, victims of human trafficking, without support. While the government has targeted scam compounds, it is criticized for ignoring the plight of vulnerable migrants lured into the industry and now facing detention and lack of basic necessities.
Dubai police, in joint operation with FBI and China's Ministry of Public Security, arrested 276 individuals and shut down at least nine crypto scam centers. Six defendants have been charged with federal fraud and money laundering in San Diego, facing up to 20 years in prison if convicted. Separately, European authorities arrested 10 people in Albania connected to three scam centers with 450 employees, causing an estimated 58 million euros in losses.
