Combating Illicit Flows: Thailand Implements Strict New Checks on High-Volume Stablecoin Trades

The institution announced that this measure targets the country’s shadow economy, which accounted for nearly 41% of its GDP by 2015. The Bank of Thailand is already applying the proposed checks on large cash transactions and on gold bullion movements, reducing volumes considerably. Bank of Thailand Targets Stablecoins Transactions in Gray Economy Crackdown The Bank […]