Thailand's Central Bank and SEC Probe High-Value USDT Transactions According to The Nation, the Bank of Thailand will require individuals depositing THB 5 million ($150,000) or more in cash to verify the source of funds. It is also working with Thailand's SEC to review large

What happened

Thailand's Central Bank and SEC Probe High-Value USDT Transactions According to The Nation, the Bank of Thailand will require individuals depositing THB 5 million ($150,000) or more in cash to verify the source of funds. It is also working with Thailand's SEC to review large

Confirmed

Global impact / market context

The Bank of Thailand’s new cash‑deposit check will make it harder to move large sums into USDT, a popular stablecoin, which could limit its use for money‑laundering and affect users who rely on it for quick cross‑border payments.

Confirmed

Regulators worldwide are tightening rules on crypto‑stablecoins after concerns they can hide illicit funds. Thailand’s move aligns with similar actions in the U.S., Europe and Asia, signaling a broader push for tighter oversight.

Analyst inference

What to watch

1. How quickly banks implement the THB 5 million cash‑deposit verification, because delays could create a short‑term backlog for customers trying to convert cash into USDT. Proposed
2. Whether the SEC and the central bank expand the review to other stablecoins or lower transaction thresholds, which would broaden the impact on the whole crypto market in Thailand. Analyst inference
3. Reactions from USDT issuers and crypto exchanges operating in Thailand; they may adjust fees, onboarding procedures, or shift users toward other payment methods to retain business. Proposed

Affected assets

• USDT — Tether

Evidence

• x.com