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CoinVoice has learned that the Bank of Thailand stated that as part of a broader effort to combat so-called "gray funds," the institution has found that a large portion of stablecoin activity on local platforms is related to foreign entities under its monitoring framework. Bank of Thailand Governor Vitai Ratanakorn said that about 40% of USDT sellers operating on Thai platforms are foreigners, who "should not be conducting transactions in the country," therefore stablecoins, along with cash flow, gold trading, and electronic wallet fund movements, are subject to stricter scrutiny.