Bank of Thailand Tightens Cash Deposit Rules, Teams Up With SEC to Review USDT Transfers

The Bank of Thailand is set to introduce stricter monitoring measures for large cash deposits, requiring customers making transactions of THB 5 million ($150,000) or more to disclose the origin of their funds.

The move is part of broader efforts to strengthen financial oversight, with the central bank also working alongside Thailand’s Securities and Exchange Commission (SEC) to review significant stablecoin transactions, particularly those involving USDT.

Authorities are focusing on large digital asset transfers amid concerns over undisclosed ownership structures and the potential use of stablecoins to circumvent domestic remittance channels.

Source: The Nation