$150K Cash Deposits in Thailand Now Subject to Source Verification

Thailand's central bank has introduced new regulations targeting large cash movements and high-value stablecoin flows, specifically focusing on $USDT. The Bank of Thailand now requires individuals depositing THB 5 million ($150,000) or more in cash to verify the source of those funds.

The move is part of a broader effort by Thai authorities to monitor digital assets and ensure compliance with financial regulations. The joint review between the Bank of Thailand and Thailand's Securities and Exchange Commission aims to catch activity that might otherwise slip between jurisdictions or regulatory mandates.

Concerns about concealed ownership and possible circumvention of domestic remittance channels have led regulators to scrutinize $USDT transactions. This is not a broad ban on crypto activity, but rather a targeted measure aimed at high-value stablecoin flows.