The Bank of Thailand (BOT) has incorporated the stablecoin USDT into its liquidity monitoring framework to address concerns over "gray money" flows. Local reports indicate that 40% of USDT sellers on Thai platforms are foreign traders, which the central bank deems inappropriate for the country. This initiative is part of broader efforts to scrutinize stablecoins, cash transactions, gold trading, and electronic wallet fund flows more closely. The move aligns with recent government directives issued on January 9, mandating stricter reporting and wallet identification for digital asset and gold transactions. These regulations are being enforced collaboratively by the central bank, tax authorities, and other agencies to safeguard macroeconomic stability and prevent illegal fund movements.
Thailand's Central Bank Tightens Monitoring of USDT to Combat Gray Money
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