The Central Bank of Thailand commented on the investigation concerning the fraudulent scheme with the participation of well-known actor. The Bank believes that the fraudsters do not apply directly to cryptocurrency trading and represent a misuse of money in General.
Scam in which a Finnish businessman lost 5564 BTC, attracted the attention of local media in connection with the amount, as well as the involvement of popular actor and model Geratest of Gravidity (Jiratpisit Jaravijit).
The Chairman of the Bank of Thailand, Mr. Veerathai Santiprabhob (Veerathai Santiprabhob) explained that the scheme was not tied to the use of cryptocurrencies. He also stressed that in this case “money has been used for fraudulent purposes” outside of cryptocurrency trading.
In addition to the actor, in the case of theft was detained eight people: his family members, two businessmen and ex-military. As writes Bangkok Post, suspicion falls including one of the “whales” trading in Thai stock exchange (SET) and staff at least three major Thai banks, Bangkok Bank, Siam Commercial Bank and Kasikornbank. All three companies were processed transaction amounts involving money scams. In addition, several employees of banks did not notify the anti-laundering Agency about the fact of processing of the transfer of 2 million baht (~$61 040), thus violating the law.
This position is part of the Bank of Thailand (BoT) has confirmed the country’s status as the state with the most loyal to the cryptocurrency regulatory authorities in South-East Asia. Last week the Commission on securities and exchange Commission of Thailand (SEC) legitimized the activities of seven organizations on trade cryptocurrency. The Agency also reported that 50 ICO awaiting approval launch five projects are planning to enter the market, and another 20 exchanges have applied for licenses. Earlier, the BoT formally approved the work with digital currencies for financial institutions and their subsidiaries.