Thailand's securities regulator is proposing tighter controls on stablecoin transfers through digital asset operators as transaction volumes continue to rise.
Thailand's Securities and Exchange Commission (SEC) has approved principles for stricter supervision of stablecoin transactions conducted through licensed digital asset (DA) operators. The SEC said it had identified transaction patterns that could present risks related to illicit financial activity The proposed measures are aimed at reducing the risks of money laundering, cybercrime and the circumvention of regulations governing international money transfers through digital asset platf