Thailand's SEC proposes stablecoin transfer limits of ~$151K daily per person per operator to combat money laundering and cross-border evasion.
DeFi & Yields ·
Thailand's Securities and Exchange Commission has launched a public consultation on stablecoin regulations that would impose daily transfer limits on customer transactions with third-party wallets. Under the proposal, deposits and withdrawals through regulated digital asset operators must originate from and terminate in accounts or wallets verified to belong to the same individual, with each direction capped at approximately $151,000 per person, per operator, per day. Transfers between Thai-regulated operators that meet Travel Rule requirements would be exempt from the cap.
The SEC framed the measure as a response to money laundering, cybercrime, and the circumvention of cross-border transfer controls. By tightening the link between customer identity and wallet endpoints, the rule seeks to reduce anonymity in stablecoin flows and create audit trails for regulatory oversight. The mechanism mirrors identity-verification standards applied to traditional banking but extends them to self-custodied wallets.
The consultation remains open, and the final scope, enforcement timeline, and whether operators will face penalties for violations have not been detailed in available statements. The exemption for inter-operator transfers suggests the SEC may be weighing the burden on institutional market infrastructure against consumer-level anti-abuse goals.