{"id":75322,"date":"2026-07-13T03:55:37","date_gmt":"2026-07-13T03:55:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/thailand-implements-strict-new-checks-on-high-volume-stablecoin-trades\/"},"modified":"2026-07-13T03:55:37","modified_gmt":"2026-07-13T03:55:37","slug":"thailand-implements-strict-new-checks-on-high-volume-stablecoin-trades","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/thailand-implements-strict-new-checks-on-high-volume-stablecoin-trades\/","title":{"rendered":"Thailand Implements Strict New Checks on High-Volume Stablecoin Trades"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Thailand\u2019s bank set up checks to flag USDT transactions, restricting evasion of compliance measures.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">New source-of-funds rules cut large cash withdrawals by 35%, boosting the national electronic economy.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Authorities restricted abnormal gold bullion buying, dropping monthly volumes to strengthen the local baht.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bank of Thailand Targets Stablecoins Transactions in Gray Economy Crackdown<\/h2>\n<p>The Bank of Thailand is taking action to stop the growth of the country\u2019s buoyant shadow economy through <span>stablecoins<\/span>.<\/p>\n<p>Vitai Ratanakorn, Governor of the Bank of Thailand, <a href=\"https:\/\/www.nationthailand.com\/business\/banking-finance\/40068531\" target=\"_blank\" rel=\"noopener noreferrer\">declared<\/a> that as part of the institution\u2019s fight to curb illicit activity through the established financial system, the bank was implementing new checks on both <span>stablecoin<\/span> transactions and <span>gold<\/span> bullion purchases.<\/p>\n<p>Through the national Securities and Exchange Commission (SEC), the bank established a system to flag transactions using <span>USDT<\/span>, a dollar-pegged <span>stablecoin<\/span>, and initially found that some large transactions with abnormally large volumes might be avoiding regular channels to sidestep compliance measures.<\/p>\n<p>In addition, the bank has been scrutinizing large cash deposits since April, forcing customers who withdraw over $150,000 to explain why they need cash instead of using electronic money.<\/p>\n<p>Ratanakorn explained that these measures had reduced these withdrawals by 35%, adding that source-of-funds statements will be required for equally large deposits in the future.<\/p>\n<p> <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Gold<\/a> bullion is also a target of the action, with similar measures that seek to close loopholes, including the withdrawal of unusually large amounts of <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a> flagged as abnormal by the national anti-money laundering office.<\/p>\n<p>These have already rendered results, reducing <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a> withdrawal volumes from 4,000 kg to 700 kg per month, easing the strenghtening of the value of the Thai baht.<\/p>\n<p>Ratanakorn stressed that <strong>\u201cthe measures we are implementing are not short-term fixes; they require the continuous deployment of multiple parallel strategies.\u201d<\/strong><\/p>\n<p>Thailand\u2019s shadow economy is believed to be one of the largest globally, accounting for a large portion of the country\u2019s Gross Domestic Product (GDP).<\/p>\n<p>These measures follow the establishment of a data bureau to investigate irregular money flows in November. At the time, Finance Minister Ekniti Nitithanprapas, who leads the office, mentioned <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> platforms and currency exchanges as gateways for <a href=\"https:\/\/news.bitcoin.com\/thailand-expands-307m-crypto-mining-probe-as-chinese-financiers-face-arrests\/\">illicit flows<\/a> entering the country.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/combating-illicit-flows-thailand-implements-strict-new-checks-on-high-volume-stablecoin-trades\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Thailand\u2019s bank set up checks to flag USDT transactions, restricting evasion of compliance measures. New source-of-funds rules cut large cash withdrawals by 35%, boosting the national electronic economy. Authorities restricted abnormal gold bullion buying, dropping monthly volumes to strengthen the local baht. Bank of Thailand Targets [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":75323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75322"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75322"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75323"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}