SEC limits Stablecoin transfers to 5 million baht per day

Prachachat•Economy•67d ago

Reader Briefing

The Securities and Exchange Commission (SEC) plans to limit Stablecoin transfers to 5 million baht per day and prohibit transfers via third-party wallets.

•The SEC approved principles to enhance Stablecoin transaction supervision via digital asset business operators.
•Incoming and outgoing Stablecoin transfers will be capped at 5 million baht per day per person per operator.
•The SEC will require identity verification for wallets to ensure Stablecoins are transferred only to the customer's own wallet.
•Public hearings on the regulations are scheduled for September 2026.

Overview

•The SEC observed a significant increase in Stablecoin transaction volume, particularly USDT, and behaviors posing risks of money laundering, technological crime, and international transfer evasion.
•The SEC will require that digital asset wallets used for Stablecoin transfers be verified as belonging to the customer performing the transaction.
•The SEC will prohibit customers from transferring Stablecoins to or from the wallets of other individuals.
•Incoming and outgoing Stablecoin transfers will be limited to 5 million baht per day per person per digital asset business operator.
•Transfers between customer accounts within digital asset business operators in Thailand will not be subject to the 5 million baht daily limit.
•The SEC plans to enhance regulations regarding Market Makers, Liquidity Providers, and off-platform transactions such as Big Lots.
•The SEC will open a public hearing for stakeholders within September 2026 before finalizing the regulations.

Full article content is available on the original source.

Read on Prachachat (Thai Version)View in Google Translate

Source: Prachachat (Original)

Key Entities

Organization

SEC(ก.ล.ต.)

The Securities and Exchange Commission of Thailand, which is regulating Stablecoin transactions and digital asset markets.

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The office responsible for overseeing the securities and exchange market in Thailand.

Person

Mrs. Pornanong Busaratrakul(นางพรอนงค์ บุษราตระกูล)

The Secretary-General of the Securities and Exchange Commission (SEC).