Thailand SEC Proposes Stablecoin Transfer Limits Ahead of Sept. 25 Deadline
The draft would restrict stablecoin deposits and withdrawals on licensed platforms to users’ own verified accounts or wallets and set daily limits of about $150,000 per platform.
Thailand’s Securities and Exchange Commission is seeking final public comments on proposed stablecoin rules that would limit how users move the assets through licensed crypto platforms.
The consultation closes Sept. 25. Under the draft, customers would be allowed to deposit stablecoins only to, and withdraw them only from, their own verified account or wallet.
The rules would also prohibit transfers to another person’s wallet. Each user would face separate daily limits of 5 million baht, or about $150,000, for deposits and withdrawals on each platform.
The proposal is still under consultation and has not taken effect.
