BOT Caps Online Gold Trades at 50M Baht/Day, Requires Pre-Approval for Exceeding Limits

Thansettakij•Economy•267d ago

Reader Briefing

The Bank of Thailand is implementing new regulations limiting daily online gold trading transactions to 50 million baht per person, requiring pre-approval for amounts exceeding this threshold, effective March 1, 2026.

•The Bank of Thailand (BOT) will impose a 50 million baht daily transaction limit for online gold trading per individual.
•Transactions exceeding this limit will require advance permission obtained through the BOT's website.
•Service providers must verify that buyers and sellers are transacting for themselves, not on behalf of others, to prevent legal evasion.
•Full payment is required for all transactions, with no set-off or net payment allowed, except in specific cases.

Overview

•On March 1, 2026, the Bank of Thailand's new regulations on online gold trading will take effect.
•The Bank of Thailand issued an announcement to establish criteria and practices for foreign exchange, specifically concerning gold transactions.
•The announcement aims to enhance supervision of domestic gold transactions in alignment with the digital economy context and to prevent capital movements that might evade foreign exchange control laws.
•The Bank of Thailand will limit daily online gold transactions to a maximum of 50 million baht per individual.
•Individuals or entities needing to exceed the 50 million baht transaction limit must submit an advance application to the designated official via the BOT's website.
•Service providers are mandated to verify that participants are trading for themselves, prohibiting transactions on behalf of others.
•All gold trading transactions must be settled in full through electronic payment systems, disallowing any form of debt set-off or net payments, with few exceptions.
•The new regulations will affect online gold traders and service providers, requiring them to adhere to transaction limits and stricter verification processes.

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Key Entities

Organization

Bank of Thailand(ธปท.)ℹ️

The central bank of Thailand responsible for issuing regulations on financial transactions, including online gold trading.

Gold Futures Exchange(TFEX)

Referred to as a futures exchange for context in the article, though the regulations apply to electronic trading outside of this specific exchange.

Person

Pimphan Charoenkhwan(นางสาวพิมพ์พันธ์ เจริญขวัญ)

The designated Official Controller of Foreign Exchange who signed the BOT's announcement regarding online gold trading regulations.