Thailand's Central Bank Tightens Scrutiny on Stablecoin Activities

According to ChainCatcher, the Bank of Thailand has intensified its monitoring of stablecoin activities as part of a broader initiative to combat 'gray money.' The central bank's governor, Vitai Ratanakorn, revealed that approximately 40% of USDT sellers operating on Thai platforms are foreigners, who are not permitted to conduct transactions in the country. Consequently, stablecoin activities are now subject to stricter scrutiny alongside cash flows, gold trading, and electronic wallet transactions.