Thailand cracks on illegal encryption mining

In early February 2025, the Special Investigation Department (DSI) from Samut Sakhon Province will search for a large -scale bitcoin mining process. Over the course of three years of the authority of the authority directly from the state network, it caused remarkable financial losses.

Investigators found that 1788 encryption devices are spread in three warehouses in Nadi, BAN KOH and Thara Subs. Although the operation was widely, no suspects were arrested during the raid.

Reports from the Regional Electricity Authority (PEA) on the trends of unusual energy use began to have DSI research. Regardless of the large financial losses, it threatened illegal access to the power network with the stability of the local electrical system. Officials emphasized the danger of the threat posed by illegal mining operations on national energy security and promised to request legal measures against anyone working.

A trend for unauthorized mining operations

This event fits a greater pattern of illegal bitcoin mining activity in which it occurs Thailand. The authorities seized the Secret Bitcoin Mining Factory, west of Bangkok, in August 2024, after a lack of the regular energy that was informed by the residents.

Large amounts of electricity were used without permission in the process, causing power outages and financial losses of energy companies. The operators left the building before the authorities arrived, and therefore, despite the raid, there were no arrests.

Likewise, in May 2024, the Thai police destroyed a large -scale mining institution in Samut Sakhon, and took machinery estimated at about 69 million baht (about $ 2.5 million). The activity was consuming large quantities of electricity, which raised the questions, after which government investigations were launched.

Legal and administrative agreements

Bitcoin miners in Thailand consider manufacturing companies and must pay related taxes. However, for years, the increase in illegal mining operations has been the cause of increased anxiety. Often, excessive energy prices are avoided by bypassing electricity meters or directly connected to power networks, and these illegal activities cause power outages and financial losses for energy companies. Since high -performance computers work on large electricity, the intense energy of the bitcoin mining exacerbates these problems.

The Thai government has treated these difficulties on an initiative. The Securities and Thai Stock Exchange Committee (SEC) adopted strict policies in April 2024 aimed at preventing local access to illegal cryptocurrencies. This procedure sought to protect local investors and stop illegal use of encrypted currencies, especially with regard to money laundering.

Final ideas

Participants in illegal Bitcoin mining Operations should be seriously warned of the last raid in Thailand. It is clear that the government is committed to supporting the rules and protecting the energy resources in the country. Regulatory authorities must change and apply policies that guarantee the legal and sustainable expansion of the Bitcoin sector with the continued change of terrain in digital assets.