Thailand’s Securities and Exchange Commission (SEC) has proposed stricter rules for stablecoin transfers through licensed digital asset operators. The framework would prohibit customers from depositing or withdrawing stablecoins via wallets belonging to other people, requiring that all transfers come from or go to a wallet confirmed as the customer’s own. The regulations introduce daily transfer limits of 5 million baht (approximately $151,000) for both inbound and outbound stablecoin transfers, and mandate that transfer amounts align with a customer’s declared income and financial standing. The proposal also targets off-platform transactions, imposing a minimum transaction value and new reporting requirements for market makers.
Thailand’s Securities and Exchange Commission (SEC) has proposed tighter stablecoin rules for transfers through licensed digital asset operators. The framework would prevent customers from depositing or withdrawing stablecoins through wallets belonging to other people. It also introduces daily transfer limits and stricter monitoring requirements for transactions linked to regulated platforms.
Under the Thailand SEC stablecoin regulations, transfers from or to a customer account must come from or go to a wallet confirmed as belonging to that customer. Transfers to or from another individual’s account or wallet would be prohibited. The SEC proposes separate limits of 5 million baht per day, or roughly $151,000, for inbound and outbound stablecoin transfers. The transfer amount must also be consistent with the customer’s declared income source and financial standing.
The limits will be exempted for transfers between customer accounts through two digital asset operators compliant with the Travel Rule. Exemptions also apply to business transfers and Bank of Thailand-regulated operators authorized to use stablecoins. The proposal targets off-platform transactions, requiring a minimum transaction value of 3 million baht for such services. Digital asset brokers will not be allowed to carry out off-exchange transactions by direct matching between their clients.
The SEC adopted principles of improved stablecoin supervision as a result of increased transaction volumes, especially with respect to USDT. Particular transaction patterns might create risks regarding money laundering and foreign transfers. The SEC has collaborated with the Bank of Thailand and the Anti-Money Laundering Office. A public consultation period commenced on September 11 and will run through September 25, 2026.
