TREE NEWS update: Thailand’s Securities and Exchange Commission has proposed draft rules that would require licensed crypto platforms to restrict stablecoin deposits and withdrawals to a customer’s own verified account or wallet, banning transfers to third-party wallets. The draft sets a daily limit of 5 million baht (about $150,000) per person per platform for both inbound and outbound transactions. The proposal is open for public comment until September 25 and has not yet taken effect.
Thailand SEC Proposes Stablecoin Deposit Rules Capping Transfers at $150K Daily
AI take
Thailand's proposal treats stablecoins less as a payment rail and more as a bank-like liability, with the self-custody restriction and per-platform cap doing the real work. The practical effect falls on users who route stablecoins through third-party wallets or across multiple venues, since the limit applies per person per platform rather than in aggregate. Whether the comment period softens the self-wallet requirement, or whether other jurisdictions copy the template, is the open question.
Generated by AI for reference only.
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