--- title: "Thailand SEC Proposes $148K Daily Cap on Stablecoin Transactions" description: "A draft framework would limit daily stablecoin deposits and withdrawals to 5 million baht each while barring transfers to third-party wallets." url: https://basisdesk.news/news/thailand-sec-proposes-daily-stablecoin-caps published: 2026-11-12T14:01:43.021Z modified: 2026-11-12T14:01:43.021Z section: Regulation & Policy author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bearish tickers: [] tags: [thailand, stablecoins, sec-thailand, travel-rule, crypto-exchanges] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Thailand SEC Proposes $148K Daily Cap on Stablecoin Transactions A draft framework would limit daily stablecoin deposits and withdrawals to 5 million baht each while barring transfers to third-party wallets. ## At a glance - **What happened:** Thailand's SEC proposed draft rules on Nov. 12, 2026, capping daily stablecoin deposits and withdrawals at 5 million baht ($148,000) each per operator. - **Why it matters:** The framework restricts cross-border flows, bans third-party wallet transfers, and prevents crypto brokers from using liquidity providers for stablecoin-baht pairs. - **Who is affected:** Regulated crypto exchanges, digital asset brokers, and crypto traders operating in Thailand. - **What's next:** No next step announced. - **Status:** proposed - **Primary source:** [Thailand proposes $148K daily cap on stablecoin deposits and withdrawals](https://cointelegraph.com/news/thailand-tighter-stablecoin-rules-crypto-exchange?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com ## Key points - Thailand's SEC proposed capping daily stablecoin deposits and withdrawals at 5 million baht ($148,000) each per operator. - Regulated platforms would be barred from processing stablecoin transfers to or from third-party wallets. - Crypto brokers would be prohibited from using liquidity providers for stablecoin-baht trading pairs. ## Editorial remark - **Context:** The draft rules expand on a consultation launched by the Thai SEC in September 2026 aimed at reining in cross-border flows and strengthening compliance among domestic crypto platforms. - **Impact:** Thai licensed exchanges, brokers, and retail traders will face stricter transaction caps, ownership verification mandates, and curtailed liquidity sourcing for baht stablecoin pairs. - **Watch:** Subsequent formal rulemaking notices or comment period deadlines from the SEC regarding the final implementation schedule. Thailand’s Securities and Exchange Commission (SEC) announced proposed rules on Nov. 12, 2026, to restrict stablecoin activity at regulated crypto operators [1]. Under the draft framework, customer deposits and withdrawals would each face a daily limit of 5 million baht, approximately $148,000, per operator [1]. The regulator stated that the restrictions are designed to counter money laundering, cybercrime, and the circumvention of cross-border transfer controls [1]. Beyond daily ceilings, the proposal bans transfers involving third-party wallets, requiring licensed entities to verify that users own the accounts and addresses used for funding and payouts [1]. Licensed firms must also adhere to the Travel Rule and deploy on-chain analytics tools to detect addresses tied to illicit behavior [1]. Other jurisdictions have similarly weighed transfer constraints to manage compliance risks, as seen when [JPYC missed its first-year circulation target](https://basisdesk.news/news/japan-jpyc-stablecoin-misses-first-year-target) under Japanese caps. ## Exchange and Broker Mandates The draft also establishes stricter operational conditions for trading venues and intermediaries [1]. Digital asset exchanges would need to publicly disclose their market makers alongside the specific tokens for which they provide liquidity [1]. Meanwhile, crypto brokers would be prohibited from engaging liquidity providers for trading pairs involving stablecoins and the Thai baht [1]. Additionally, the proposal imposes a minimum threshold of 3 million baht on certain off-platform transactions [1]. The framework follows an initial public consultation held in September 2026, which first introduced the concept of transfer caps and heightened supervision for the country's licensed digital asset sector [1]. ## FAQ **What limits did Thailand's SEC propose for stablecoins?** The regulator proposed a cap of 5 million baht ($148,000) for daily deposits and another 5 million baht cap for daily withdrawals per customer at each licensed operator. **Can Thai crypto users transfer stablecoins to external wallets?** Users may only transfer to wallets they personally own. The proposed rules prohibit transfers to and from third-party wallets and require operators to verify ownership. ## Sources 1. [Thailand proposes $148K daily cap on stablecoin deposits and withdrawals](https://cointelegraph.com/news/thailand-tighter-stablecoin-rules-crypto-exchange?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound) — cointelegraph.com, 2026-11-12 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai