Thailand's central bank is rolling out major regulatory measures in Q4 to control the booming BNPL (Buy Now Pay Later) sector, which has grown 10-fold in 4 years to 6 million users. All BNPL providers (~6 active) must now obtain a personal loan license and comply with age, loan limit, and interest rate caps (15-20%). Simultaneously, the BoT is tightening oversight of 3,624 non-bank lenders (representing 55% of lending volume) and implementing enhanced anti-money-laundering controls: cash withdrawal reporting thresholds at ฿5M+, gold trading restrictions (฿10M+ or 2kg), and USDT surveillance. Early results show 52% decline in large cash withdrawals and 70% drop in suspicious gold trading.