Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Thailand's central bank is working with the country's security regulator to audit high-volume stablecoin and cash transactions in a gray money crackdown. Pakistan’s virtual assets regulator called for continued dialogue on the treatment of digital assets after meeting an Islamic scholar who backed a ruling against purchases made with crypto and Bitcoiners Michael Saylor and Adam Back criticize the BIP-110 proposal seeking to stamp out non-monetary Bitcoin transactions.

Thailand’s central bank is stepping up stablecoin surveillance as part of a wider effort to crack down on money laundering, illicit finance and “gray money” in the country.

The Bank of Thailand is working with the Kingdom’s Securities and Exchange Commission to audit high-volume stablecoin transactions, with a focus on USDt (USDT), cash transactions and currency exchanges, to identify and stop illicit financial flows.

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