Thailand proposes 5 million baht daily cap on stablecoin deposits and withdrawals
REGULATIONBank of Thailandcoinbrief/daily · 2 sources
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What happened
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.
For IT people · Written by AI from 2 sources · Wrong?
What to do
- Check whether any stablecoin transfers planned through Thai licensed platforms would exceed the proposed daily limit.
Written by AI from the sources, checked against them
Full story timeline · 2 updates
Who reported · 2 outlets
The BlockCryptopolitan
Who and what is in it
Government agencies