Thailand SEC Proposes $151,000 Daily Limit for Stablecoin Transfers

Thailand’s Securities and Exchange Commission (SEC) has proposed new restrictions on stablecoin transfers that could require users to send and receive assets only through accounts or wallets verified as belonging to the same customer.

According to information published by @WuBlockchain, the proposal would introduce a daily limit of about $151,000 for both inbound and outbound stablecoin transfers per person, per regulated digital asset operator. The SEC said the measures are intended to reduce risks involving money laundering, cybercrime and efforts to bypass cross-border transfer controls.

Thailand Moves to Restrict Third-Party Wallet Transfers

Under the proposed rules, deposits made through regulated digital asset markets operators would have to originate from an account or wallet verified as belonging to the same customer. Withdrawals would be subject to a similar requirement, meaning funds would generally need to be transferred to a wallet or account that has been verified as belonging to the customer.

The proposed threshold is approximately 5 million baht per person, per operator, per day. The limit would apply separately to inbound and outbound transfers.

However, the proposed framework includes an exemption for transfers conducted between Thai-regulated digital asset operators that comply with the Travel Rule. This would allow qualifying transfers between regulated platforms to continue without being subject to the proposed daily ceiling.

Stablecoin Activity Faces Greater Regulatory Scrutiny

The proposal reflects Thailand’s broader effort to strengthen oversight of digital-asset transactions as stablecoin usage expands. Regulators have increasingly focused on the movement of stablecoins because their liquidity and ability to move across platforms can create additional monitoring challenges for anti-money-laundering and financial-crime controls.

The wallet verification requirement would also place greater emphasis on knowing where stablecoins originate and where they are ultimately sent. For exchanges and other regulated operators, this could require additional customer verification and transaction-monitoring procedures when users interact with external wallets.

Thailand has already been strengthening its digital-asset compliance framework through Travel Rule requirements, which are designed to improve the information available to regulated institutions when processing digital-asset transfers.

The proposed stablecoin restrictions could therefore represent another step toward bringing stablecoin transactions more closely into the country’s existing financial-monitoring framework.

Industry Impact and Next Regulatory Step

For crypto users in Thailand, the proposal could make transfers involving third-party or externally controlled wallets more restrictive, particularly for transactions approaching the proposed daily threshold. Regulated exchanges may also face additional compliance obligations when determining whether a wallet belongs to the customer initiating a transaction.

The exemption for transfers between compliant Thai operators could nevertheless preserve liquidity movement within the regulated domestic ecosystem.

The SEC’s consultation process will determine whether the proposed restrictions are adopted in their current form or modified before implementation. The key issue for the market will be how the regulator ultimately applies the same-customer wallet requirement to users interacting with self-custodied wallets and other external addresses.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.