Thailand's Central Bank Reviews High-Value USDT Transactions to Combat $3.4B Fraud Losses in 2025

According to Cointelegraph, Thailand's central bank is reviewing high-value stablecoin transactions, including USDT, in collaboration with the Securities and Exchange Commission to combat money laundering, illegal financing, and suspicious capital flows. The review targets large cash transactions and foreign exchange dealings to identify and prevent illicit fund movement. Thailand's largest exchange, Bitkub, processes approximately $26 million daily in trading volume, with nearly 40% from forex transactions and USDT/THB being the most popular pair.

The regulatory push follows record fraud losses of 1.15 trillion Thai baht (approximately $3.4 billion) in 2025, alongside 173 million fraudulent calls and SMS messages. Thailand's banking sector froze 3 million accounts in 2025 as part of broader efforts to combat shell accounts and suspicious activities.