Thailand's SEC proposes daily stablecoin limit of 5 million baht per platform

The proposal

Thailand's Securities and Exchange Commission has put forward a draft rule that would restrict stablecoin deposits and withdrawals to 5 million baht per customer per day on each licensed crypto platform. The figure is about $148,000.

The cap would apply to deposits and withdrawals separately, so a customer could move up to 5 million baht in each direction in a day on the same platform. A person holding accounts on several licensed Thai exchanges would face the limit on each of them.

The regulator published the plan for public comment, which runs until 26 November 2026.

What the limit would cover

Under the draft, customers could send stablecoins only to, and receive them only from, permitted personal wallets. Transfers between a customer's own accounts on two licensed Thai platforms would not count against the cap, provided both platforms follow the Travel Rule. That rule requires exchanges to share information about the sender and the recipient of a transfer.

According to reporting by Stablecoin Insider cited in the coverage, the restriction would fall mainly on people moving stablecoins from licensed Thai platforms to foreign exchanges or to self-controlled wallets abroad.

One report said transfers made through regulated platforms to buy into initial coin offerings would not be subject to the daily limit.

Why the SEC wants it

The SEC says the measure is aimed at money laundering. The proposal is part of a wider move toward stricter oversight of stablecoin flows, with Tether's USDT named in coverage as a focus.

The draft has not been finalised. The comment period ends on 26 November 2026, and the regulator has not said when it will decide on the final text.