Thailand SEC proposes $151K daily stablecoin transfer cap

The Securities and Exchange Commission of Thailand has opened a public consultation on proposed regulations for stablecoin transactions handled by licensed digital asset operators. The framework includes a proposed daily transfer limit of 5 million baht (approximately $151,000) for both inbound and outbound transfers involving external wallets.

A central component of the proposal is a ban on third-party transfers. Under the draft rules, stablecoin deposits and withdrawals would be restricted to accounts or wallets that are verified as belonging to the same customer. This measure aims to mitigate risks associated with money laundering, cybercrime, and the circumvention of international transfer controls.

Exemptions from the daily cap would apply to transfers between Thai-regulated digital asset operators that comply with the Travel Rule, as well as certain authorized business entities and market makers. The regulator also intends to implement stricter screening processes, requiring operators to monitor blockchain activity for links to high-risk wallets and ensure transaction values align with customers’ declared financial profiles. Public comments on the proposal are being accepted through September 25, 2026.