Thailand proposes $148K daily cap on stablecoin deposits and withdrawals
Summary
Thailand’s SEC proposed limiting stablecoin deposits and withdrawals at regulated crypto operators to 5 million baht ($148,000) per customer per day for each direction. The draft would prohibit transfers involving third-party wallets, require operators to verify wallet ownership, follow the Travel Rule and use blockchain analytics to flag suspicious activity. It also includes new disclosure requirements for exchange market makers, restrictions on brokers providing liquidity for stablecoin-baht pairs, and a 3 million baht minimum for certain off-platform trades. The proposal follows an earlier consultation and is intended to curb money laundering, cybercrime and evasion of cross-border transfer rules.
