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 financial regulator wants to limit how much money people can move in stablecoins each day on licensed crypto apps, to stop money laundering. The proposed limit is 5 million baht (about $148,000) for deposits and the same for withdrawals, per person, per platform. People can share their views on the plan until 26 November.
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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