Thailand SEC proposes $151K stablecoin transfer cap

Thailand’s Securities and Exchange Commission has proposed limiting inbound and outbound stablecoin transfers involving external wallets to five million baht, or roughly $151,000, per customer, operator and day. Summary Thailand’s SEC proposes daily stablecoin transfer caps of five million baht per customer and operator. Deposits and withdrawals would be restricted to accounts or wallets verified as belonging to customers. Transfers between compliant Thai-regulated operators would remain exempt from the proposed five-million-baht daily transfer ceiling. Businesses, authorized institutions and qualifying market makers would receive exemptions under the regulator’s proposed framework. Public comments remain open through September 25, with requirements proposed to start sixty days later. The regulator’s consultation, published on Sept. 11, would require stablecoins deposited with or withdrawn from licensed digital asset businesses to move between accounts verified as belonging to the same customer. Public comments remain open through Sept. 25. Inbound and outbound transfers would each carry the five-million-baht ceiling. The dollar equivalent uses an indicative exchange rate and can c...