Thailand Caps Daily Stablecoin Moves at $148K

Thailand’s Securities and Exchange Commission (SEC) has announced plans to impose a daily limit of $148,000 on stablecoin deposits and withdrawals. The rule would apply separately to deposits and withdrawals, meaning each transaction type would have its own cap. In addition, the SEC would require users to conduct transactions through wallets they own, rather than relying on third‑party custodial services.

Regulatory tightening for stablecoins

The move reflects Thailand’s broader effort to curb money‑laundering risks and strengthen consumer protection in the rapidly growing crypto market. By limiting the amount that can be moved each day, the SEC aims to reduce the potential for large‑scale illicit transfers while maintaining market functionality for smaller, everyday users.

For exchanges, the new rules could translate into operational adjustments, such as monitoring daily volumes more closely and ensuring compliance with wallet ownership requirements. Investors who use stablecoins as a bridge between fiat and digital assets may need to reassess the timing and size of their transfers.

Exchange platforms will need to update their compliance systems to track daily inflows and outflows, potentially increasing operational costs. Users may also face new friction when moving funds across borders, as the cap could affect cross‑border settlement times. This could also influence the overall demand for stablecoins within the region.

Based on reporting from Cointelegraph. Read the original.