Thailand SEC Proposes Limits on Stablecoin Transfers to Third-Party Wallets, With ~$150K Daily One-Way Cap Thailand’s SEC opened a consulta…
Thailand SEC Proposes Limits on Stablecoin Transfers to Third-Party Wallets, With ~$150K Daily One-Way Cap
Thailand’s SEC opened a consultation on new stablecoin rules that would require deposits and withdrawals through regulated digital asset operators to originate from and go to accounts or wallets verified as belonging to the same customer. Inbound and outbound transfers would each be capped at about $151,000 per person, per operator, per day. The cap would not apply to transfers between Thai-regulated operators that comply with the Travel Rule. The SEC said the proposal aims to reduce risks related to money laundering, cybercrime and circumvention of cross-border transfer rules.