Thailand proposes 5 million baht daily cap on stablecoin deposits and withdrawals
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What happened
Thailand's SEC proposes a 5 million baht (about $148,000) daily limit per customer, per licensed platform, applied separately to stablecoin deposits and withdrawals. Transfers between a customer's own accounts on two licensed Thai platforms are exempt but must comply with the Travel Rule. Brokers would lose the use of outside firms for stablecoin-baht trades, and off-exchange broker or dealer trades must be at least 3 million baht (about $88,500) with public pricing. Exemptions cover ICO-platform purchases and refunds, company-own transfers, market-maker trades and Bank of Thailand-approved transactions. Public comment closes 26 November; rules take effect 60 days after final announcement.
For experienced traders · 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
Who and what is in it
Government agencies