Bank of Thailand

Thailand proposes 5 million baht daily cap on stablecoin deposits and withdrawals

Thailand's SEC has proposed capping stablecoin deposits and withdrawals at 5 million baht (about $148,000) per customer per day on each licensed platform, with deposits and withdrawals limited separately. Transfers between a customer's own accounts on two licensed Thai platforms are exempt, but the Travel Rule would still apply, and stablecoins may only move between accounts or wallets confirmed as the customer's own. Public comments close on 26 November, and the rules would take effect 60 days after the final announcement.