Thailand’s securities regulator has proposed limiting stablecoin deposits and withdrawals at regulated crypto operators to 5 million baht ($148,000) per customer per day. According to Cointelegraph, the cap would apply separately to deposits and withdrawals at each operator, according to an announcement from Thailand’s Securities and Exchange Commission (SEC) on Thursday. The regulator said the proposed rules are intended to curb money laundering, cybercrime and efforts to bypass cross-border money transfer regulations. The draft would prohibit transfers to and from third-party wallets, requiring operators to verify that customers own the accounts or wallets used for deposits and withdrawals. Crypto service providers would also have to comply with the Travel Rule, which requires them to collect and share information about transfers, and use blockchain analytics to identify wallets associated with suspicious activity. The proposal would require crypto exchanges to disclose their market makers and the assets for which those firms provide liquidity. Crypto brokers would be prohibited from using liquidity providers for stablecoin-baht trading pairs, while certain off-platform trades would be subject to a 3 million baht minimum. The draft follows a September consultation in which the SEC proposed stablecoin transfer limits and tighter oversight of crypto operators.