Cryptocurrency and Crime Committed in Thailand

Abstract

Financial crime is an increasingly severe problem in society, particularly in an era where the use of digital currencies and blockchain technology is continuously growing. Although these types of crimes may not be as overt as traditional crimes, their impacts can be significant and substantial. Prominent cryptocurrencies such as Bitcoin and Ethereum are widely used globally, and Thailand has also faced notable issues related to cryptocurrency-related crimes. For instance, scams involving companies like Zipmex, Forex-3D, and P Miner have resulted in massive financial losses for investors. Research indicated that economic offenses often stemmed from individuals in positions of power or high social status, who exploited their authority to deceive the public. These offenses were complex and frequently occurred in groups, making them difficult to trace and prosecute, especially when technology was involved. Therefore, studying financial crime was crucial for understanding its causes, patterns, and impacts on Thai society.