Thailand's Central Bank Reviews High-Value USDT Transactions to Combat Money Laundering and Grey Funds

Odaily Planet Daily News The Bank of Thailand is tightening stablecoin regulations to combat money laundering, illicit financing, and "grey funds" in the country. The central bank is collaborating with the Securities and Exchange Commission to review high-value stablecoin transactions, focusing on USDt (USDT), cash transactions, and foreign exchange to identify and prevent illegal fund flows. Thailand will also expand the compliance responsibilities of commercial banks regarding cash networks, foreign exchange, gold bar trading, and suspicious stablecoin transactions. In 2025, Thailand suffered fraud losses amounting to 115 billion Thai Baht (approximately USD 3.4 billion) and recorded approximately 173 million fraudulent calls and SMS messages. Cash deposits exceeding 5 million Thai Baht also require full disclosure. Thailand's largest exchange, Bitkub, has a daily trading volume of approximately USD 26 million, of which nearly 40% is foreign exchange transactions, with the USDT/THB trading pair being the most popular. Thailand's banking sector froze 3 million bank accounts in 2025 as part of efforts to combat nominee accounts, grey capital, and suspicious activities. (Cointelegraph).