Thai SEC Proposes $151K Daily Stablecoin Transfer Cap

The Thai Securities and Exchange Commission (SEC) has proposed a new framework to regulate stablecoin transfers. The proposal aims to reduce money laundering, cybercrime, and circumvention of international transfer controls.

Under the proposed rules, licensed digital asset operators would face a daily limit of 5 million baht ($151,000) on external stablecoin transfers. This cap would apply separately to inbound and outbound transfers involving external accounts or wallets.

The SEC also wants to strengthen ownership verification for third-party wallet transfers. Operators would need to verify that the source and destination wallets belong to the same customer, prohibiting transfers involving another person's account or wallet.