Thailand Enhances Monitoring of Tether Amid Grey Money Concerns
- The Bank of Thailand has placed Tether (USDT) under its monitoring framework.
- This action is part of a broader campaign against grey money activities.
- A significant portion of stablecoin activity on local platforms involves foreign participants.
The Bank of Thailand’s decision to monitor USDT reflects efforts to combat grey money, with a focus on foreign involvement in stablecoin transactions. This move highlights the growing regulatory attention towards digital assets and their cross-border implications.
By targeting Tether, which is widely used in international transactions, Thai authorities aim to better understand and control the flow of funds linked to foreign entities through local platforms. Source
