The Thailand Securities and Exchange Commission and Bank of Thailand have discussed additional supervisory measures with digital asset business operators to prevent stablecoin transactions, including those involving USDT and USDC, from facilitating money laundering, cybercrime or the circumvention of international money transfer rules. The authorities expect to issue relevant regulations by the end of 2026.

The measures under consideration build on existing controls covering customer identification and due diligence, risk-based withdrawal limits, enhanced checks for high-risk customers, screening for mule accounts and risky wallets, blockchain tracing and stablecoin transaction monitoring. The Securities and Exchange Commission is also preparing to implement the Travel Rule to identify and verify parties to digital asset transfers, with regulations expected by August 2026 and effectiveness by February 2027. Industry representatives supported common enhanced due diligence standards for high-risk customers.

Original source

Related updates