Thailand tightens regulation of gold and cryptocurrency transactions to prevent gray money flows

The Thai government is tightening regulations on gold trading and cryptocurrencies to prevent gray money flows and illegal financial activities. At a high-level meeting, leaders agreed on a plan to integrate national financial data and close loopholes being exploited for money laundering. The focus of the plan is to establish the National Data Agency, enabling real-time monitoring of suspicious transactions and building comprehensive risk profiles for each financial sector.

The centralized control measures mainly target the gold market, with the threshold for reporting gold bar transactions lowered to prevent “smaller transaction splitting” to evade oversight. At the same time, cryptocurrency platforms must strictly comply with the Travel Rule.

Additionally, Thailand is also seeking to limit excessive gold speculation to stabilize the baht and protect the economy.