Thailand Securities and Exchange Commission (SEC) is considering tighter rules for stablecoin transfers through licensed crypto platforms, including a 5 million baht ($150,000) daily limit in each direction.
The proposal would also prevent users from sending stablecoins through regulated platforms to wallets owned by others, adding stricter checks on how crypto moves.
Thailand SEC Limits $150K Daily Cap
The Thai SEC has approved plans to tighten rules for stablecoin transfers through licensed digital asset platforms. The proposal focuses on stopping money laundering, illegal transfers, and attempts to bypass international money transfer rules.
Under the new plan, users would only be allowed to send or receive stablecoins such as USDT and USDC between wallets that are verified as belonging to the same person. SEC said users could not use an exchange to send stablecoins directly to a friend, family member, or merchant.
Along with the same-owner rule, the SEC plans to limit how much stablecoins users can move through licensed platforms. Transfers would be capped at 5 million Thai baht (about $151,000) per person, per platform, per day.
The actual limit could also depend on a user’s verified income and financial status.
Who is Exempt from the 5 Million Baht Limit?
However, registered market makers, Bank of Thailand-approved operators, and some platform-to-platform transfers could be exempt if they follow the required Travel Rule standards.
For off-platform trades, transactions must be at least 3 million baht, prices must be publicly shown, and brokers cannot directly arrange trades between their clients outside the platform.
Why Now? Thailand SEC Tightens Stablecoin Transfers
The regulatory escalation follows a warning from the Bank of Thailand, which flagged highly abnormal transaction patterns involving USDT. The bank said some of these transfers could be linked to illegal activity or attempts to avoid international transfer rules.
SEC Secretary General Pornanong Budsaratragoon said,
“The SEC is committed to supervising the capital market and the digital asset market in a manner that keeps pace with relevant developments and risks.”
Thus, the SEC also wants platforms to check wallets, identify potential mule accounts, and use blockchain-tracking tools to spot links to risky or watchlisted wallets.
Implementation Timeline and Public Feedback
The proposal remains under public consultation, with comments open until September 25, 2026. The Thai SEC has not made the stablecoin limits effective yet, meaning users can continue using existing rules for now.
Separately, Thailand’s Travel Rule for digital assets is scheduled to take effect on February 27, 2027, requiring operators to collect and retain transaction information for at least five years.
Thailand is not banning stablecoins.
It is proposing tighter controls on how they move through regulated platforms, especially transfers involving third-party wallets.
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