Thailand expands stablecoin transaction scrutiny

Thailand is stepping up its crypto crackdown as the Bank of Thailand works with the country’s SEC to monitor high-volume $USDT transactions.
The effort is part of a broader push to target money laundering and shadow-economy activity.
Large cash deposits, forex exchanges, gold trades, and now stablecoin flows are all coming under closer review.
For stablecoins, the key signal is that governments are not necessarily banning usage.
They are instead increasing visibility into large transactions and tightening oversight around how digital dollars move through the financial system.