Bank of Thailand targets USDT and cash flows in gray money crackdown
CoinTelegraph·
60-second summary
The Bank of Thailand is cracking down on illicit financial flows, specifically targeting USDT and cash transactions, in an effort to combat Chinese-affiliated scam centers that have plagued the country. These scam centers have laundered illicit gains through a "gray money" economy, evading traditional financial systems. The crackdown aims to disrupt this illicit activity.
Thailand has been plagued by Chinese-affiliated scam centers, with illicit gains flowing through a “gray money” economy.