Thailand’s Securities and Exchange Commission proposed a daily limit of 5 million baht ($148,000) each for stablecoin deposits and withdrawals per customer at regulated crypto operators. The proposed limits would apply separately to deposits and withdrawals at each operator; they are not yet in force.
The draft would also bar transfers to or from third-party wallets and require operators to verify that customers own the accounts or wallets they use. Operators would have to follow the Travel Rule and use blockchain analytics to identify wallets linked to suspicious activity. The SEC said the proposals aim to curb money laundering, cybercrime and attempts to bypass cross-border money transfer rules.
