Thailand Proposes $148,000 Daily Cap on Certain Stablecoin Transfers

Thailand's draft focuses on the movement of stablecoins rather than trading activity, signaling that regulators see transfer channels—not exchanges—as the primary laundering risk. The same-owner restriction is the more consequential element: it effectively narrows the permitted use of stablecoins to self-custody and personal transfers, which could affect remittance and payment use cases more than speculative trading. Whether the final rules preserve this same-owner scope, and how transfers are verified, is the open question for anyone using stablecoins in the region.