Regulation· ★★★· bearish·

Thailand Tightens FX Rules: Crypto Transfers Above $200K Must Prove Source of Funds

  • —The $200K threshold applies per transaction in the Watchlist group, which includes crypto
  • —For crypto transactions, KYB does not replace source-of-funds documentation
  • —Gold transactions require documents at any amount; cash FX purchases are capped at $15K per day
  • —The rules affect converting crypto into baht through Thai banks
Why it matters: Large players in Thailand will face more friction moving crypto into baht, trimming local liquidity, though global prices are unlikely to be affected.
Source: Siam Blockchain
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