Thailand SEC proposes 5 million baht daily stablecoin transfer cap
Image: Crypto.newsThailand's Securities and Exchange Commission proposed rules for stablecoin transactions through licensed digital asset operators. The draft sets a daily limit of 5 million baht per customer at each regulated operator, applied separately to incoming and outgoing stablecoin transfers. Transfers between a customer's own accounts at two SEC-supervised operators would be exempt if both follow the Travel Rule. The proposal also requires wallet ownership verification and would ban brokers from using liquidity providers for stablecoin-baht pairs.
Key points
- Thailand's SEC proposed a daily 5 million baht stablecoin transfer limit per customer at each regulated operator.
- The proposed limit would apply separately to incoming and outgoing stablecoin transfers.
- Transfers between a customer's own accounts at two SEC-supervised operators would be exempt if both follow the Travel Rule.
- Brokers would be prohibited from using liquidity providers for stablecoin-to-baht trading pairs.
Why it matters
For stablecoin users in Thailand, the draft would add daily caps and wallet ownership checks at regulated operators. It also exempts transfers between a customer's own accounts at two SEC-supervised operators if both follow the Travel Rule.
What's unclear
The draft is not final, and the reports do not state when any approved rules would take effect.
Sources · 3 publishers
The Block
Tier 1
Thailand seeks $148,000 daily cap on certain stablecoin transfers to curb money laundering
AMBCrypto
Tier 2
Thailand SEC proposes 5 million Baht daily cap on stablecoin transfers — Why?
Coverage timeline
- First reported by Crypto.news
- Also reported by The Block
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
