SEC Thailand limits stablecoin transfers to 5 million baht daily

MGR Online•Economy•7d ago

Reader Briefing

The SEC board has approved a set of strict measures to regulate stablecoin transactions through digital asset businesses to prevent money laundering.

•The SEC board approved the principles for stablecoin oversight in September 2026.
•Daily transfers of stablecoins will be limited to 5 million baht per person per operator.
•The SEC is targeting USDT due to its use in money laundering and tax evasion.
•Public hearings on these measures will be held within September 2026.

•The SEC observed an increase in USDT transactions through Thai digital asset businesses used for money laundering, tax evasion, and avoiding cross-border transfer regulations.
•The SEC board approved four main measures in September 2026, including strict Travel Rule enforcement and a 5 million baht daily transfer limit per person per operator.
•The SEC will implement a Travel Rule requiring identity verification for both sender and receiver wallets and prohibiting transfers to other persons' accounts.
•The SEC will align Market Maker regulations for digital asset exchanges with those of the securities market to increase transparency.
•The SEC will require Liquidity Providers for digital asset brokers and the connected source exchanges to be under official regulatory supervision regarding money laundering.
•The SEC will establish guidelines for over-the-counter (OTC) and big lot transactions to increase transparency.
•The SEC will hold public hearings with relevant parties within September 2026 before finalizing the regulations.

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SEC(สำนักงาน ก.ล.ต.)

The regulator that approved measures to tighten stablecoin oversight to prevent money laundering.

SEC Board(บอร์ด ก.ล.ต.)

The body that approved the principles for regulating stablecoin transactions in September 2026.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

An organization the SEC coordinated with to find measures to close regulatory loopholes.

Thai Digital Asset Business Trade Association(สมาคมการค้าผู้ประกอบธุรกิจสินทรัพย์ดิจิทัลไทย)

An industry association the SEC coordinated with to address regulatory loopholes.

Pornanong Busaratrakul(พรอนงค์ บุษราตระกูล)

The Secretary-General of the SEC.

Travel Rule

A regulation requiring identity verification for stablecoin transfers and the screening of risk groups.