Thailand Tightens Oversight of Large USDT Transactions as Central Bank Targets Shadow Economy

TL;DR The Bank of Thailand and the SEC are reviewing high-value USDT transactions over concerns about hidden ownership and remittance bypass. Individuals depositing 5 million baht ($150,000) or more in cash will be required to verify the source of their funds. The measures form part of a wider crackdown on the country’s shadow economy, covering [...]

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