Woofun AI reports that the Bank of Thailand is intensifying stablecoin oversight to counter money laundering, illegal financing, and "grey capital" inflows. In coordination with the Securities and Exchange Commission, the central bank is examining high-value transactions involving USDt (USDT), cash, and foreign exchange to intercept illicit fund movements.

Commercial banks face expanded compliance mandates covering cash networks, forex services, gold trading, and suspicious stablecoin activity. This regulatory push follows 2025 data showing 115 billion Thai baht ($3.4 billion) lost to scams and 3 million bank accounts frozen for suspicious activity. Cash deposits over 5 million baht now require full disclosure, while Bitkub processes $26 million daily, with USDT/THB as the dominant pair.