Key Facts

  • Thailand’s SEC is seeking public comment on a draft notification that would cap stablecoin transfers at 5 million baht (about $149,000) per customer per day with each digital asset operator.

  • The draft requires that stablecoins only move between a customer’s own verified accounts or wallets, with Travel Rule compliance and blockchain analytics checks for money laundering risk.

  • The rules would also bar liquidity providers from stablecoin-to-baht pairs, require disclosure of market makers’ identities, and set a 3-million-baht minimum for off-platform trades.

Thailand’s SEC is seeking public comment on a draft notification that would cap stablecoin transfers at 5 million baht (about $149,000) per customer per day with each digital asset operator.

The draft requires that stablecoins only move between a customer’s own verified accounts or wallets, with Travel Rule compliance and blockchain analytics checks for money laundering risk.

The rules would also bar liquidity providers from stablecoin-to-baht pairs, require disclosure of market makers’ identities, and set a 3-million-baht minimum for off-platform trades.

Thailand’s Securities and Exchange Commission (SEC) said Thursday it is seeking public comment on a draft notification that would cap stablecoin transfers at 5 million baht (about $149,000) per customer per day with each digital asset business operator (DA operator), and would require that transfers only move between accounts or wallets verified to belong to the same customer.

The Thai SEC said the draft is meant to prevent digital assets from being used for money laundering, cybercrime, or circumventing rules on international money transfers, and follows a public hearing it held in September on the same proposal.

Six Rule Areas Target Brokers, Exchanges, and Market Makers

Off-Platform Trades and Enforcement Also Face New Limits

Off-platform trades arranged by DA Brokers or digital asset dealers (DA Dealers) would need a minimum value of 3 million baht (about $89,000) and public price disclosure, and brokers would no longer be able to match customers’ off-platform trades directly with each other, though they could still route orders to exchanges. The draft would also let the Thai SEC order non-compliant operators to fix reporting failures within a set deadline.