Thailand’s SEC outlines 5 million baht stablecoin transaction caps

Thailand’s Securities and Exchange Commission has proposed limiting stablecoin deposits and withdrawals to 5 million baht per customer per day at each regulated crypto operator. The caps would be separate, meaning the proposed deposit limit and withdrawal limit would each be 5 million baht.

The proposal would also require stablecoin transfers to involve wallets belonging to the customers making them. According to the supplied coverage, this ownership condition is tied to the regulator’s checks and is intended to distinguish transfers between verified customers from activity involving wallets controlled by someone else.

Crypto.news and Cointelegraph corroborate the central elements of the proposal: a 5 million baht daily ceiling for both stablecoin deposits and withdrawals, application per customer at each regulated crypto operator, and a requirement for customers to use their own wallets. The two reports do not provide conflicting amounts or materially different descriptions of the proposal.

The proposal concerns stablecoins rather than a named cryptocurrency or individual issuer. Its practical effect would depend on which operators fall within the framework and how customers’ verified-wallet status is assessed, although the supplied summaries do not provide an implementation timeline or further procedural detail.

The wider market was under pressure during the period covered by the data. Total crypto market capitalization stood at $2.45 trillion, the overall market was broadly down, Bitcoin declined 4.23% over 24 hours, and the Fear & Greed index registered 28, or Fear. With no coin from the tracked list identified in the regulatory development, the proposal is most directly relevant to stablecoin users and regulated crypto operators rather than to Bitcoin’s market backdrop.