Thailand Intensifies Monitoring of USDT Transactions Amid Regulatory Push

The Bank of Thailand has reportedly brought the stablecoin USDT under a microscope, initiating monitoring of its usage within the country. This move by the central bank signals a growing concern among Thai authorities regarding 'grey money' flows, particularly as the adoption of stablecoins continues to expand. The scrutiny is part of a broader effort by the Bank of Thailand to tighten controls over financial activities and ensure regulatory oversight of digital assets. This development highlights the ongoing global trend where central banks are increasing their focus on stablecoins, assessing their implications for financial stability and potential misuse in illicit activities.