BlockBeats News, July 13th - According to local media in Thailand, the country will require individuals to verify the source of funds when depositing over 5 million Thai Baht (about $150,000) in cash. This intervention measure expands the compliance responsibilities of commercial banks in the areas of cash networks, large currency exchanges, precious metal transactions, and suspicious stablecoin transactions, directly preventing regulated entities from facilitating systemic corruption or the shadow economy.

Furthermore, the Bank of Thailand and the Securities and Exchange Commission (SEC) are conducting joint audits focusing on Tether (USDT) to identify and stop illegal fund flows. This crackdown also includes tighter controls on precious metal transactions, requiring banks to report suspicious patterns such as rapid digital purchases and same-day physical withdrawals to combat money laundering activities.