Thailand Crackdown: Central Bank Targets USDT to Halt 'Gray Money' Flows
The Bank of Thailand is ramping up surveillance on stablecoins, specifically targeting USDT, to dismantle money laundering networks and 'gray money' economies. Working alongside the Kingdom's Securities and Exchange Commission, authorities are auditing high-volume transactions to intercept illicit financial flows linked to Chinese-affiliated scam centers.
This crackdown represents a long-term strategic shift to combat illicit finance and the shadow economy plaguing the nation. Governor Vitai Ratanakorn emphasized that these measures are not temporary fixes, but rather a continuous deployment of parallel strategies designed to secure the country's financial borders against organized crime.
Thailand has been plagued by Chinese-affiliated scam centers, with illicit gains flowing through a “gray money” economy. 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.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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