Bank of Thailand Flags Abnormal Stablecoin Trades in 'Grey Economy' Crackdown
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The Bank of Thailand is cracking down on the 'grey economy' by flagging abnormal stablecoin trades, citing data analytics that have identified transfers meant to evade scrutiny. The central bank has handed these findings to the securities regulator for further investigation, aiming to curb illicit activities and maintain financial stability in the market.
Data analytics flagged stablecoin transfers meant to evade scrutiny, the central bank says, handing the findings to the securities regulator.