Svmuu News: The Bank of Thailand is strengthening regulations on stablecoins to combat money laundering, illegal financing, and “gray money” in the country. The Bank of Thailand is collaborating with the Securities and Exchange Commission of Thailand to review large-value stablecoin transactions, focusing on USDt (USDT), cash transactions, and foreign exchange to identify and block illegal fund flows. Thailand will also expand commercial banks’ compliance responsibilities regarding cash networks, foreign exchange transactions, gold bar trades, and suspicious stablecoin transactions. In 2025, Thailand suffered 115 billion baht in fraud losses—approximately $3.4 billion—and recorded about 173 million fraudulent calls and text messages. Cash deposits exceeding 5 million baht must also be fully disclosed. Thailand’s largest exchange, Bitkub, has a daily trading volume of approximately $26 million, with nearly 40% consisting of foreign exchange transactions; the USDT/THB trading pair is the most popular. Thailand’s banking sector froze 3 million bank accounts in 2025 as part of efforts to combat straw accounts, gray capital, and suspicious activities. (Cointelegraph).