Svmuu News: The Bank of Thailand stated that, as part of a broader campaign to combat so-called “gray money,” the institution has identified, under its monitoring framework, that a significant portion of stablecoin activity on local platforms is linked to foreign entities. Bank of Thailand Governor Vitai Ratanakorn noted that approximately 40% of USDT sellers operating on Thai platforms are foreigners who “should not be conducting transactions in the country.” Consequently, stablecoins are now subject to stricter scrutiny alongside cash flows, gold transactions, and e-wallet fund movements. (The Block)