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Thailand's SEC proposes $148,000 daily cap on stablecoin deposits and withdrawals

The draft rules would limit each customer to 5 million baht in daily stablecoin deposits and the same in withdrawals at regulated operators, and bar transfers to third-party wallets.

Why it matters: Thailand's SEC is proposing hard daily limits on stablecoin flows and a ban on third-party wallet transfers, tightening how crypto operators serve customers in one of Asia's larger retail markets.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Thailand's SEC proposes $148,000 daily cap on stablecoin deposits and withdrawals
Image: Cointelegraph
Original reporting: Helen Partz, Cointelegraph

Key points

  • Each customer would face a 5 million baht ($148,000) daily cap on stablecoin deposits and a separate cap of the same size on withdrawals at each operator.
  • Stablecoin transfers to and from third-party wallets would be banned, and operators would have to check that customers own the wallets they use.

Thailand's Securities and Exchange Commission has proposed a 5 million baht ($148,000) daily cap on stablecoin deposits and withdrawals for each customer at regulated crypto operators, Cointelegraph reports. The regulator announced the draft on 12 November, saying the limits target money laundering, cybercrime and attempts to get around cross-border money transfer rules.

The ceiling would apply separately to deposits and to withdrawals at each operator.

Crypto exchanges would have to disclose their market makers and the assets those firms provide liquidity for.

Read the full story on Cointelegraph

Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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