Thailand’s Securities and Exchange Commission has proposed limiting stablecoin transfers to 5 million baht per day per customer at each licensed digital asset operator, with incoming and outgoing transfers subject to separate limits. Transaction amounts would also need to be consistent with the customer’s declared income and financial position, while transfers between a customer’s own accounts at two regulated operators would be exempt if both comply with the Travel Rule. Announced on 12 November and open for public consultation until 26 November, the draft also strengthens wallet ownership verification, customer screening, and the monitoring of transactions connected to high-risk wallets. Exchanges would have to disclose their market makers and the digital assets they support for liquidity, while off-platform transactions would face a minimum amount of 3 million baht and brokers could no longer arrange trades directly between clients.
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