Thai SEC Proposes $150K Daily Stablecoin Transfer Cap

The Thai Securities and Exchange Commission (SEC) is proposing stricter rules for stablecoin transfers through licensed crypto platforms. The plan includes a daily limit of $150,000 per user on each platform, with some exceptions.

The proposal aims to prevent money laundering and illegal transfers by requiring users to send or receive stablecoins between wallets verified as belonging to the same person.

Under the new rules, registered market makers, Bank of Thailand-approved operators, and some platform-to-platform transfers could be exempt if they follow Travel Rule standards.