Thailand to step up monitoring of USDT, cash deals in 'gray economy'

Thailand's central bank is intensifying its surveillance of stablecoin and cash transactions within the "gray economy," a sector operating in a regulatory blind spot, Cointelegraph reported. The central bank will collaborate with Thailand's Securities and Exchange Commission (SEC) to actively monitor large-scale stablecoin transactions in an effort to combat money laundering, illicit finance, and gray money. The initiative will specifically focus on USDT, high-value cash transactions, and foreign exchange deals to detect and block illegal fund flows.