Thailands SEC schlägt eine tägliche Obergrenze von 150.000 US-Dollar für Stablecoin-Überweisungen an Wallets Dritter vor

Blockonomi · 2026-09-13T10:30:00.000Z

Kurzfassung: Thailands SEC schlägt vor, Stablecoin-Überweisungen an Wallets Dritter auf ~151.000 US-Dollar pro Tag zu begrenzen. Einzahlungen und Auszahlungen müssen Konten umfassen, die verifiziert sind, dass sie demselben Kunden gehören. Überweisungen zwischen in Thailand regulierten Betreibern unterliegen keiner Obergrenze, wenn die Travel-Rule-Standards vollständig erfüllt sind. Liquiditätsanbieter würden im Rahmen des Plans vollständig von Stablecoin-zu-Baht-Handelspaaren ausgeschlossen. Thailands Wertpapier- und Börsenaufsicht (Securities and Exchange Commission) möchte Stablecoin-Überweisungen an Wallets Dritter unter einer neuen Entwurfsregel einschränken.

TLDR:
Thailand’s SEC proposes capping stablecoin transfers to third-party wallets at ~$151K daily.
Deposits and withdrawals must involve accounts verified as belonging to the same customer.
Transfers between Thai-regulated operators face no cap when Travel Rule standards are fully met.
Liquidity providers would be barred entirely from stablecoin-to-baht trading pairs under the plan.
Thailand’s Securities and Exchange Commission wants to restrict stablecoin transfers to third-party wallets under a new draft rule.
The regulator opened a public consultation proposing that deposits and withdrawals through licensed operators must move only between accounts belonging to the same customer.
Inbound and outbound transfers would each face a one-way cap near $151,000 per person, per operator, per day. The SEC said the proposal aims “to reduce risks from using digital assets as a channel” for laundering or evading transfer rules.
Restricting Transfers to Third-Party Wallets
Under the draft, stablecoins could no longer move freely to third-party wallets through regulated business operators. Both the source and destination account must be verified as belonging to the same customer.
The consultation document states that stablecoins are “not to be transferred to and from another person’s account.” Regulators argue the change closes a gap often used to obscure fund origins.
The roughly $151,000 daily cap converts to about 5 million baht per leg, per customer. That ceiling applies separately to each business operator a customer uses for transfers.
The SEC noted that transfer values “must be consistent with the source of income and financial status of customers.” Business operators would need screening tools to flag wallets tied to risky or watched activity.
Transfers between two Thai-regulated operators would skip the cap, so long as both apply Travel Rule standards. This exemption keeps domestic liquidity moving while still requiring full identity and data checks.
Certain customer types would also sit outside the daily one-way limit entirely. These include corporate accounts, BOT-supervised business operators, and firms conducting stablecoin business under approved formats.
Market makers trading stablecoin and baht pairs may also receive exemptions where liquidity needs require it. The regulator said off-platform trades handled by brokers and dealers would face a separate set of standards “to prevent the use of them as a channel for money laundering.” Any off-platform transaction must meet a minimum value of 3 million baht.
Broader Oversight Tied to the Wallet Restrictions
Brokers offering off-platform trades must publish pricing information on their websites. This step adds transparency to deals executed away from public exchange order books.
The SEC said brokers are “prohibited from conducting transactions outside the platform between customers and customers.” They could still refer clients toward a licensed trading venue to complete a deal.
Digital asset exchanges would need to disclose which market makers support each listed token pair. Exchanges must screen these market makers and monitor their trading patterns over time.
Regulators want confirmation of where market makers’ digital assets originate before trades occur, tying directly into the wider effort to control wallet-based fund movement.
Digital asset brokers face new restrictions on liquidity providers under the same consultation. Providers would be barred from supporting stablecoin-to-baht trading pairs going forward.
The SEC said providers must not operate from jurisdictions where “there is no reason to believe that the assets cannot be safely maintained.” Brokers must disclose liquidity provider lists and any conflicts of interest to customers.
The SEC also wants ongoing supervision of source exchanges used to price digital assets. Operators that fail to meet these reporting standards could face direct SEC intervention.
The regulator may order corrections to data collection or disclosure within a set period. Public feedback on the third-party wallet restrictions and daily cap remains open for review.
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