Financial regulators in Thailand are preparing to tighten restrictions surrounding new account creation at crypto asset exchanges. According to a May 3 report from Bangkok Post, the country’s Anti-Money Laundering Office (AMLO) announced that as of July, crypto exchanges must verify the identities of new customers in-person using a “dip-chip” machine. While new users can currently verify their identities with crypto exchanges by submitting documents online, the dip-chip machines will scan a chip embedded in Thai citizen ID cards, requiring customers to be physically present for the verification process. The new rules ... (full story)