Thailand
TokenPost
Bank of Thailand Flags Customer Verification and Fund Tracing for USDT Transactions
- Thailand's 2024 financial fraud losses exceeded 43 billion baht (about 1.8 trillion KRW).
- Governor Vitai Ratanakorn announced on September 3 that stronger customer profiling and Travel Rule requirements will be applied to USDT transactions.
- The central bank noted that fraud proceeds often pass through cash, gold, and foreign exchange before converting into stablecoins like USDT.