Thailand’s central bank is considering requiring anyone depositing 5 million baht ($150,000) or more in cash to prove the origin of the funds. According to BeInCrypto, the Bank of Thailand (BOT) is also moving to put Tether (USDT) transactions under a joint audit with the Securities and Exchange Commission (SEC) as part of a fourth-quarter push targeting the grey economy.
BOT Governor Vitai Ratanakorn said in January about 40% of USDT sellers on local platforms were foreigners and argued they should not be operating in Thailand. The BOT and SEC are reviewing unusually high-volume USDT trading and have flagged transactions that may indicate disclosure avoidance or movement of funds outside standard channels.
Thailand Central Bank Weighs Proof-of-Funds Rule for 5 Million Baht Cash Deposits
2026-07-12 13:41:05
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