Crypto
Home›Crypto›Regulation›Bank of Thailand reportedly audits stablecoin trades t…
Bank of Thailand reportedly audits stablecoin trades to curb illicit finance
The reported focus is on high-volume, abnormal stablecoin activity, including USDT.
The Block reports that Thailand’s central bank has started auditing high-volume stablecoin trades as part of a crackdown on illicit finance.
According to the report, the effort uses data analytics tools to examine abnormal trading patterns, with a specific focus on Tether’s USDT.
The Block also notes that the central bank’s review is being carried out alongside the SEC as regulators seek to identify suspicious flows in the stablecoin market.
← Newer storyArch Insurance International names Fred Bisson Head of Digital Algori…Older story →Iran says mediation with the US remains ongoing via Qatar, Oman, Paki…