Thailand SEC Proposes $148,000 Daily Cap on Stablecoin Transfers
Key Takeaways
- •Thailand's SEC has proposed a draft rule imposing a daily cap of 5 million baht, approximately $148,000, on stablecoin deposits and withdrawals per customer.
- •The cap would be tallied on a per-exchange basis, meaning the limit applies separately at each licensed platform a customer uses.
- •Both deposits and withdrawals fall within the scope of the proposed cap as drafted.
- •The proposal was released through an official announcement on Thursday, November 12, and remains at the draft stage.
- •The measure would operate through Thailand's existing licensing regime for digital asset businesses, covering pegged tokens such as USDT and USDC.
Thailand's securities regulator has drafted a rule that would cap stablecoin deposits and withdrawals at 5 million baht — approximately $148,000 — per customer each day on each licensed cryptocurrency exchange.
The proposal was released through the regulator's official announcement on Thursday, November 12, and is open. As drafted, the limit would be calculated on a per-customer, per-exchange basis, meaning daily stablecoin transfers would be tallied separately at each licensed platform. Both deposits and withdrawals fall under the cap as drafted, and because the tally is per exchange, the limit would apply separately at each licensed venue a customer uses.
Regulatory Context
The Securities and Exchange Commission (SEC) is Thailand's principal securities markets regulator and oversees licensed digital asset businesses, including cryptocurrency exchanges serving customers in the country. Under Thailand's digital asset framework, exchange operators are required to obtain a license from the regulator in order to operate lawfully. If adopted as drafted, the cap would operate through this existing licensing structure, applying at the licensed platforms the SEC already oversees.
Stablecoins and the Baht
Stablecoins are digital tokens engineered to maintain a stable value relative to a reference asset, most often fiat currencies such as the U.S. dollar; widely used examples include Tether (USDT) and USD Coin (USDC). The Thai baht is Thailand's official currency, and the 5 million baht threshold cited in the proposal corresponds to roughly $148,000 at the conversion referenced in the announcement.
For readers following the proposal, the operative terms to track are those in the November 12 announcement — the 5 million baht threshold, the per-customer and per-exchange tally, and its coverage of both deposits and withdrawals — with the measure still at the draft stage and open under the regulator's announcement.
This content was first published on COINOTAG on November 13, 2026: https://en.coinotag.com/thailand-sec-stablecoin-daily-transfer-cap
