Thailand
The Bank of Thailand has reportedly moved to place Tether's USDT under regulatory oversight as part of a wider crackdown on ‘grey money’ after finding substantial foreign participation on local platforms.
Thailand has ordered tighter regulations on gold trading and cryptocurrencies to tackle 'grey money' and illicit flows after a weekend meeting of the "Connect the Dots" sub-committee led by the prime minister and finance minister.
Thailand’s data protection authority has ordered Worldcoin to suspend operations and delete collected biometric data after citing data breaches and concerns about iris-scanning practices. The move raises fresh regulatory pressure on the WLD token issuer.
Thailand’s Bitkub is reportedly exploring a Hong Kong IPO to access international capital and raise its regional profile, Bloomberg sources say. The plan would bolster investor visibility but faces timing and regulatory questions.
Thai Royal Police and the U.S. Secret Service, with assistance from Tether, seized $12 million in USDT linked to a Southeast Asian scam network; authorities arrested 73 people and recovered $15.67 million in assets.
In 2025, Tether marked significant achievements including unveiling the USA₮ stablecoin, assisting law enforcement in fraud recovery, and expanding leadership. Simultaneously, Thailand officially recognized Tether's USD₮ as a major cryptocurrency, boosting its digital asset ecosystem. Discover how these developments shape the global crypto market and offer new opportunities, including convenient crypto purchases via platforms like Bitlet.app with flexible installment plans.