The Bank of Thailand (BOT) will enhance measures to combat illegal digital asset activities, including monitoring "gray" transactions in USDT. This was reported by The Nation.
Governor Vithai Ratanakorn stated that approximately 40% of sellers of stablecoins on Thai platforms are foreigners who "should not be trading" in the country.
"[BOT] no longer intends to limit itself to mere analysis. We will extend a helping hand in addressing structural issues. If these matters are not resolved, they will impact macroeconomic stability in the long term," he added.
In addition to stablecoins, operations involving precious metals and cash transactions in baht will also come under closer scrutiny from the financial regulator.
According to the central bank's report, the daily volume of crypto trading in Thailand averages 2.8 billion baht, compared to 10-15 billion baht in the currency market. Bank representatives believe this gap does not exclude the potential use of cryptocurrency as a channel for illegal activities.
New measures to combat illegal transactions are expected to be introduced by the end of January.
The central bank's actions followed a directive from Prime Minister Anutin Charnvirakul on January 9, mandating stricter oversight of gold and digital asset trading.
As part of this initiative, a national data bureau will be established to centralize financial information, enabling authorities to track suspicious transactions in real time.
It is worth noting that in December 2025, Thai authorities seized bitcoin mining equipment worth $8.6 million (300 million baht) from seven organizations suspected of financing Chinese fraudulent groups.