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Bank of Thailand Flags Suspicious Stablecoin Transfers in Grey Economy Crackdown
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Bank of Thailand Flags Suspicious Stablecoin Transfers in Grey Economy Crackdown

The Bank of Thailand has revealed that its data analytics systems detected stablecoin transfers designed to evade regulatory scrutiny as part of a broader crackdown on the grey economy. The findings were handed over to the securities regulator for further action. The move is part of wider efforts to curb illicit financial flows facilitated by cryptocurrency.

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