Bank of Thailand Governor Vitai Ratanakorn said the central bank is escalating measures against Thailand’s grey economy, Thansettakij reported July 11. The push includes tighter checks on cash, gold, risky bank accounts and abnormal digital-asset activity, putting stablecoin flows inside a broader anti-shadow-economy campaign.
For crypto, Vitai said the Bank of Thailand is coordinating with the Securities and Exchange Commission, the agency with direct oversight authority. Initial data-analytics reviews are examining unusually high USDT trading volumes and some transactions that appear designed to avoid information disclosure or normal transfer channels, making stablecoin monitoring a regulatory handoff to the SEC.
The wider campaign also includes planned fourth-quarter measures requiring explanations for cash deposits of 5 million baht or more, scrutiny of large banknote exchanges and tougher monitoring of accounts linked to online gambling. The key follow-up is whether the SEC moves from analytics review to formal action, because enforcement will depend on how suspected stablecoin activity is classified and escalated.
Source: Thansettakij.
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