Thailand's SEC proposes 5 million baht daily cap on stablecoin transfers to curb money laundering

Thailand's SEC is seeking public comments until Nov. 26 on a draft notification limiting stablecoin transfers. It would cap individual customers' deposits and withdrawals at 5 million baht (approximately $147,750) per regulated operator, in either direction, per day, and require stablecoins to move only between accounts or wallets of the same person. Exemptions include transfers between a customer's own accounts, operator business transfers, market-maker activity, token offering and refund transactions, and Bank of Thailand-approved activities. Off-platform broker and dealer transactions face a 3 million baht ($88,528) minimum threshold. Pure peer-to-peer onchain transfers outside registered platforms are not covered.

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