Thailand’s SEC Proposes Daily Stablecoin Cap of 5 Million Baht for Crypto Users

• Thailand’s SEC proposed limiting stablecoin deposits and withdrawals to 5 million baht (about $147,750) per platform each day.
• Stablecoins could only move between accounts or wallets owned by the same person.
• The value of a customer’s transfers would need to match their income and financial position.
• Crypto exchanges would have to name their market makers and the assets they support.
• The public can comment on the draft until Nov. 26.

Thai crypto users may soon only be able to send stablecoins to wallets they own themselves. The rule is part of a draft plan from Thailand’s Securities and Exchange Commission aimed at stopping money laundering.

The regulator announced the proposal on Thursday and is now asking the public for comments. The draft also sets a daily limit on how much a customer can move in and out of a regulated platform.

Under the plan, each customer could deposit or withdraw up to 5 million baht per operator per day. That is about $147,750, and the cap applies in either direction.

Stablecoins Must Stay With the Owner

The draft rules say stablecoins can only be transferred between accounts or wallets that belong to the same person. Transfers that involve another person’s wallet would not be allowed.

The rules would not apply to peer-to-peer transactions made directly on a blockchain. Those transfers happen outside of registered platforms, so they fall outside the plan.

Platforms would also need to follow the Travel Rule. This would require them to carry out customer profiling and screening.

Operators would have to use blockchain analytics tools as well. These tools help find links to wallets that are high risk or on watchlists.

The SEC said the value of stablecoins moving through an account must match the customer’s income and financial position. Platforms would need to check that a user’s activity fits their finances.

🇹🇭 REGULATION: Thailand's SEC proposes $148K/day/customer stablecoin caps and third-party wallet restrictions. pic.twitter.com/mcIl7vqQwY

— Cointelegraph (@Cointelegraph) November 13, 2026

Some transfers would be exempt from the daily cap. These include moves between a customer’s own accounts on SEC-supervised platforms and transfers made by operators for business use.

Stablecoin market-maker activity would also be exempt. So would certain transactions tied to digital token offerings and refunds, plus some activities approved by the Bank of Thailand.

The SEC said the goal is to stop digital assets from being used for money laundering and cybercrime. It also wants to stop people from getting around rules on international money transfers.

New Rules for Exchanges and Brokers

The draft goes beyond transfer limits. Crypto exchanges would have to name their market makers and the assets each one supports, and those firms would face stronger screening.

Brokers would not be allowed to use liquidity providers for trading pairs between stablecoins and the Thai baht. This ban is one of several stricter measures in the draft.

Off-platform deals by brokers and dealers would need to be at least 3 million baht, or about $88,528. Operators would also have to disclose the trading prices for these deals.

The proposal follows a public hearing in September. That hearing looked at how to supervise stablecoin activity through licensed operators.

Thai authorities have already taken steps in this area. The central bank and the securities regulator had reportedly started using data analytics to check unusual trading in USDT, the dollar stablecoin issued by Tether. The effort is part of a wider push to close gaps tied to money laundering and other “grey economy” activity.

The SEC is now accepting public comments on the draft notification. The deadline to submit feedback is Nov. 26.