Thailand's Securities and Exchange Commission is drafting stablecoin rules that would restrict deposits and withdrawals to users' own accounts and impose a proposed daily cap of about $150,00
Thailand's Securities and Exchange Commission is drafting stablecoin rules that would restrict deposits and withdrawals to users' own accounts and impose a proposed daily cap of about $150,000 per platform, marking an early-stage regulatory push whose full terms have not yet been finalized.
The proposed Thai SEC stablecoin rules pair two distinct measures: an account-ownership restriction covering both inbound and outbound transfers, and a per-platform daily transaction ceiling set at roughly $150,000. Both are draft provisions and have not been presented as adopted or in force. For related coverage, see Wyoming Stablecoin Adopts Chainlink Proof of Reserve.
The regulator publishes rulemaking and consultation notices through its official news portal, where enacted rules and effective dates would appear. The supplied evidence does not establish an announcement date, an effective date, or the regulator's stated rationale, so the proposal should be read as conditional pending the published draft text. For related coverage, see Bitmine Buys 28,086 ETH: Ethereum Purchase Explained.
Under the draft, both directions of transfer would be constrained to accounts owned by the same user, a structure that, if adopted, would block transfers to or from third-party accounts on covered platforms.
Deposits would need to originate from an account belonging to the user, according to the headline framing of the proposal. The supplied context does not define which account types qualify, so whether "accounts" refers to bank accounts, exchange accounts, or self-custody wallets remains unconfirmed and requires the draft text.
Withdrawals would similarly be directed only to the user's own account. Ownership verification procedures, including how a platform would confirm that a receiving account belongs to the same user, are not described in the supplied evidence and cannot be stated as fact here.
The draft sets a daily transaction ceiling of about $150,000 per platform, per the headline. The figure is approximate and framed per platform rather than per transaction.
What is confirmed is narrow: a proposed daily limit, an approximate dollar figure, and a per-platform scope. The supplied evidence gives no original-currency amount, no exchange-rate basis, and no baht-denominated equivalent, so the round-dollar figure should be treated as an approximation.
The calculation mechanics are unconfirmed. The supplied context does not establish whether deposits, withdrawals, or combined activity count toward the cap, whether the limit applies per user, or how a "daily" period is defined for reset purposes.
Several determinants of practical effect are absent from the supplied evidence and would need to be traced to the official proposal before any compliance conclusions can be drawn. These include the specific stablecoins and platforms covered, any exemptions, the adoption status, and implementation dates.
Some of these details may already appear in the regulator's official draft even though they are missing from this brief; their absence here does not mean the regulator omitted them. Thailand's SEC has separately moved on other digital-asset frameworks, including draft rules for spot Bitcoin and Ethereum ETFs, indicating an active rulemaking agenda in the jurisdiction.
The stablecoin question also sits against a backdrop of live disputes in the country, including cases in which Thai businessmen have sued Tether and a separate USDT freeze claim that underscore how account-level controls on stablecoins carry real consequences for holders.
No. The available evidence describes draft rules and does not establish enactment or an effective date.
Both deposits and withdrawals would be limited to users' own accounts. The definition of eligible account types requires verification against the draft text.
About $150,000 per platform. Whether deposits, withdrawals, or combined activity count toward that figure, and how the daily period is defined, are unconfirmed in the supplied context.
The available evidence does not identify specific stablecoins. Coverage would need to be confirmed from the official proposal.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
The post Thai SEC Drafts Stablecoin Rules With Proposed $150K Daily Cap was initially published on Coincu.
