The Bank of Thailand's Governor advocates a low-rate tax on gold transactions (e.g., 0.01%) not primarily for revenue but to mandate gold dealer reporting of purchases and sales, creating transparency and reducing gold's use as a money laundering channel. Data from August shows 50,000 billion baht in cash withdrawals over 5 million baht, with 66% of the top 50 transactions involving gold, signaling illicit capital flows. BoT is also coordinating with the SEC to restrict USDT transfers and working with 11 agencies to combat gray-market finance and digital asset abuse.
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