Bank of Thailand Flags Abnormal Stablecoin Trades in 'Grey Economy' Crackdown

A notable development has hit the crypto markets. In brief The Bank of Thailand is using data analytics to scan for abnormally high-volume trades in stablecoins, especially Tether's USDT, as part of a crackdown on illicit finance. Governor Vitai Ratanakorn said early reviews flagged transactions that appear designed to evade disclosure rules or bypass normal transfers; the SEC, which regulates digital assets, will decide on any follow-up.

The screening sits within a wider sweep targeting large cash deposits and withdrawals, gold trading, and online-gambling "mule" accounts.

This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.