- Thailand's central bank and SEC are auditing high-volume USDT transactions as part of a crackdown on illicit finance and 'gray money'.
- The measures aim to prevent regulated entities from facilitating corruption by expanding compliance duties to include cash, forex, gold, and suspicious stablecoin transactions.
- High-value cash deposits and exchanges will require source-of-funds declarations, reflecting ongoing regulatory tightening on crypto businesses in the country.
Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Enforcement actions litigation, Ethereum evm l 1 s
Tags: #thailand #usdt #stablecoin #moneylaundering #graymoney #bankofthailand #sec #aml #cryptocrackdown #cashtransactions
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