Why Thailand's Central Bank Is Cracking Down on a Stablecoin and the Strong Baht
The Bank of Thailand has moved to curb USDT trading after finding that 40 percent of it involves non-resident traders, raising concerns about grey money inflows pushing up the baht. Alongside new mule-account rules and cash limits, it is one of the most aggressive financial-integrity pushes Thailand has made in years.
Market Authority5 min read
