Thailand Central Bank Launches USDT Monitoring to Combat Gray Economy Activities on July 13

According to BlockBeats, Thailand's central bank announced on July 13 that it has begun using data analytics tools to screen for suspicious large-value stablecoin transactions, with a focus on USDT issued by Tether, to counter illegal fund flows and gray-market activities.

Bank of Thailand Governor Vitai Ratanakorn stated that preliminary screening has identified transactions suspected of deliberately circumventing disclosure requirements or bypassing traditional banking channels. The central bank will forward relevant findings to Thailand's Securities and Exchange Commission for further investigation. This monitoring effort is part of broader anti-gray-economy measures; since April, banks have been required to verify the purpose of cash withdrawals exceeding 5 million Thai baht, with large cash withdrawal volumes declining approximately 35 percent.