# Thailand Implements Strict Checks on High-Volume Stablecoin Trades New measures aim to combat illicit financial flows. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-07-13 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/3bb72097-ddb3-4f31-9336-825b48ce00ba ## Thailand's Fight Against the Shadow Economy The Bank of Thailand has introduced new measures to control the country's shadow economy, which accounts for a significant portion of its GDP. Strict oversight is being applied to stablecoin transactions and gold purchases. ## Focus on USDT Transactions The bank's new system monitors transactions involving the dollar-pegged stablecoin USDT. Large-volume transactions were found to bypass regular channels to evade compliance measures, marking a crucial step in curbing illicit flows. ## Restrictions on Large Cash Withdrawals Since April, source-of-funds declarations have been required for cash withdrawals exceeding $150,000. This measure has reduced large cash withdrawals by 35%, accelerating the shift to electronic payments. ## Scrutiny on Gold Purchases Similar measures have been applied to gold bullion purchases. Unusually large gold withdrawals flagged by the anti-money laundering office have reduced monthly volumes from 4,000 kg to 700 kg. ## Long-Term Strategies Bank of Thailand Governor Vitai Ratanakorn emphasized that these measures are not short-term fixes. Combating the shadow economy requires the continuous implementation of multiple parallel strategies. ## Ongoing Battle Against the Shadow Economy Thailand's shadow economy is considered one of the largest globally. The new measures support the work of a data bureau established to investigate irregular money flows, aiming to enhance the security of the financial system. ## Sources covering this story - https://news.bitcoin.com/combating-illicit-flows-thailand-implements-strict-new-checks-on-high-volume-stablecoin-trades/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._