
🚨 CRYPTO NEWS: Thailand is tightening oversight of large crypto transactions, with regulators placing a stronger focus on USDT (Tether) as part of broader anti-money laundering (AML) efforts. The Bank of Thailand and the Thai Securities and Exchange Commission (SEC) are introducing stricter compliance measures to improve transparency and monitor high-value cash and digital asset transfers. Key highlights: 🇹🇭 Cash deposits of 5 million baht (≈US$150,000) or more will require proof of where the funds originated. 💵 Large cash withdrawals above the same threshold already require customers to explain why electronic transfers cannot be used. 🪙 High-value USDT transactions will face increased scrutiny, including checks on the beneficial owner of the funds. 🌍 Regulators are investigating whether stablecoins are being used to bypass traditional cross-border payment systems and move funds outside regulatory oversight. 📋 Thailand's SEC is also introducing stricter Travel Rule requirements, requiring licensed crypto platforms to collect and share sender and recipient information for crypto transfers in line with global AML standards. According to Thai regulators, around 40% of USDT sellers on local exchanges are foreign nationals, prompting closer monitoring of potential compliance risks. While Thailand continues to support the growth of its digital asset industry, authorities say these measures are designed to strengthen financial transparency, combat illicit financial activity, and align the country's crypto regulations with international standards. Why it matters: As stablecoin adoption continues to grow, regulators worldwide are placing greater emphasis on transparency and compliance. Thailand's latest measures reflect the global trend of increasing oversight while allowing the digital asset ecosystem to continue developing. Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any investment decision




