Thailand SEC Weighs $150K Daily Cap on Stablecoins

Thailand’s Securities and Exchange Commission is weighing new limits on stablecoin transfers that would tighten how users move digital dollars through licensed crypto platforms. The proposal would set a daily ceiling of 5 million baht, or about $150,000, for transfers in and out of stablecoins.

The draft rules would also prohibit users from sending stablecoins through regulated platforms to wallets owned by other people. That restriction would add a layer of identity and destination screening aimed at reducing misuse, improving traceability and limiting off-platform settlement behavior.

If adopted, the framework would likely affect exchanges, custodians and payment providers operating under Thai oversight more than it would affect the broader stablecoin market. The practical impact would be concentrated in retail and business flows that rely on licensed venues for liquidity, remittances or treasury management.

The proposal fits a wider global pattern of regulators moving to narrow the gap between stablecoin utility and financial surveillance. For market participants, the key issue is not whether stablecoins remain usable, but how much friction licensed rails will impose on transfer speed, counterparties and daily transaction size.