Bank of Thailand Identifies Abnormal Stablecoin Transactions Amid Grey Economy Crackdown
The Bank of Thailand has begun monitoring high-volume stablecoin transactions for signs of illicit activity as part of a broader crackdown on the grey economy. Governor Vitai Ratanakorn highlighted efforts targeting Tether's USDT, with flagged trades potentially circumventing disclosure requirements and moving funds outside traditional banking channels.
Topics: central bank regulation grey economy money laundering stablecoins