Thailand is cracking down on “grey money” by tightening oversight on physical gold markets and digital assets to combat money laundering, integrating the two asset classes under a single framework. The government plans to establish a national hub for real-time threat monitoring and lower reporting thresholds for gold purchases to prevent criminals from exploiting loopholes. They are also enforcing the Travel Rule for digital assets, requiring licensed providers to collect and transmit identifying information for certain transactions. Thailand has historically taken a structured approach to crypto regulation, favoring licensing and active supervision. The country has previously cracked down on deceptive crypto advertising and targeted foreign crypto peer-to-peer platforms to combat crimes involving digital assets. This latest push on “grey money” signals that digital assets are no longer treated as outliers but are part of a broader enforcement model.

Read more at Cointelegraph: Thailand Targets ‘Grey Money’ With Unified Gold and Crypto Oversight