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Tag: Thailand

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Thailand Mount Major Anti-Crypto Crackdown: We’re Coming For Your Stablecoins
Thailand’s Bank of Thailand (BOT) has launched a sweeping anti-money laundering offensive targeting USDT stablecoin transactions, cash flows, and gold trading – and the scale of enforcement suggests this is not a routine compliance update.
The central bank is working… Read full article
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Bank of Thailand targets USDT and cash flows in gray money crackdown
Thailand has been plagued by Chinese-affiliated scam centers, with illicit gains flowing through a “gray money” economy. Read full article
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Combating Illicit Flows: Thailand Implements Strict New Checks on High-Volume Stablecoin Trades
The institution announced that this measure targets the country’s shadow economy, which accounted for nearly 41% of its GDP by 2015. The Bank of Thailand is already applying the proposed checks on large cash transactions and on gold bullion movements,… Read full article
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