Thailand SEC Proposes $150K Daily Cap on Stablecoin Transfers

Thailand Securities and Exchange Commission (SEC) is considering tighter rules for stablecoin transfers through licensed crypto platforms, including a 5 million baht ($150,000) daily limit in each direction. 

The proposal would also prevent users from sending stablecoins through regulated platforms to wallets owned by others, adding stricter checks on how crypto moves.

Thailand SEC Limits $150K Daily Cap

The Thai SEC has approved plans to tighten rules for stablecoin transfers through licensed digital asset platforms. The proposal focuses on stopping money laundering, illegal transfers, and attempts to bypass international money transfer rules.

Under the new plan, users would only be allowed to send or receive stablecoins such as USDT and USDC between wallets that are verified as belonging to the same person. SEC said users could not use an exchange to send stablecoins directly to a friend, family member, or merchant.

Along with the same-owner rule, the SEC plans to limit how much stablecoins users can move through licensed platforms. Transfers would be capped at 5 million Thai baht (about $151,000) per person, per platform, per day.

The actual limit could also depend on a user’s verified income and financial status.