Crypto
Thailand scrutinises large USDT transactions, steps up monitoring of stablecoins and cash
Thailand\'s central bank has begun monitoring large stablecoin transactions centred on USDT as part of a crackdown on money laundering, illegal finance and so-called grey money. Working with the Securities and Exchange Commission, it is auditing USDT, cash and currency exchange transactions to identify and block illicit flows. Oversight will extend to cash networks, exchange booths, gold bar trades and suspicious stablecoin activity, while cash rules will require source reporting and full disclosure for deposits above 5 million baht.
