Thailand targets high-value USDT trades in grey capital crackdown
24 Articles
24 Articles
Bank of Thailand Flags Suspicious USDT Trades and Refers Findings to Thai SEC
Thailand’s central bank is targeting crypto transactions as part of a broader crackdown on illicit finance. Bank of Thailand Governor Vitai Ratanakorn said over the weekend that the bank and the country’s Securities and Exchange Commission are using data-analytics tools to audit abnormally high-volume trades in stablecoins such as Tether’s USDT, according to local news outlet Thansettakij. Early reviews have already flagged transactions that app…
Thailand Central Bank Audits USDT Amid Gray Money Crackdown
Thailand’s central bank is stepping up stablecoin surveillance in an effort to crack down on money laundering, illicit finance and “gray money” in the country. The Bank of Thailand is working with the Kingdom’s Securities and Exchange Commission to audit high-volume stablecoin transactions, with a focus on USDt (USDT), cash transactions and currency exchanges, to identify and stop illicit financial flows. “The measures we are implementing are no…
The Governor of the Bank of Thailand, Vitai Ratanakorn, said the central bank is stepping up measures against the country’s grey economy, Thansettakij reported on July 11. The momentum includes tighter controls on cash, gold, risky bank accounts and abnormal activity with digital assets, placing stablecoins flows within a broader campaign against the informal economy. In crypto, Vitai said that the Bank of Thailand is coordinating with the Stock…
REGULATION | Bank of Thailand Preparing Regulatory Crackdown on Transactions Involving USDT
The Bank of Thailand will tighten oversight of large stablecoin transactions as part of a broader crackdown on money laundering and illicit financial flows expanding scrutiny beyond cash deposits to digital assets, according to local reports. The sweeping regulatory crackdown will take place from Q4 2026. The new measures will focus on high-value transactions involving Tether’s USDT, the world’s largest stablecoin, with the Bank of Thailand work…
Bank of Thailand targets large USDT transactions in new audit regime
Thailand’s foremost bank has started scrutinizing large stablecoin transfers made in the country, and is now working with the country’s SEC to flag USDT movements that may be hiding illicit money from the authorities. Bank of Thailand Governor Vitai Ratanakorn said the central bank and the Securities and Exchange Commission are running analyses over high-volume trades, with Tether’s USDT the main target, according to local outlet Thansettakij. E…
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