Thailand’s SEC plans to cap stablecoin deposits and withdrawals at 5 million baht per person per day, or about $148,000.
According to Cryptopolitan, the cap would be calculated separately for each customer on each licensed platform, with deposits and withdrawals counted separately. Regulators say the goal is to curb money laundering. The proposal is open for public consultation until November 26.
· It is still at the proposal stage; neither the effective date nor the final amount has been decided.
· The restrictions apply to stablecoin deposits and withdrawals on licensed platforms. The report does not say whether other assets are also covered.
If the proposal takes effect, which channels will large stablecoin transfers increasingly move to?
According to Cryptopolitan, the cap would be calculated separately for each customer on each licensed platform, with deposits and withdrawals counted separately. Regulators say the goal is to curb money laundering. The proposal is open for public consultation until November 26.
· It is still at the proposal stage; neither the effective date nor the final amount has been decided.
· The restrictions apply to stablecoin deposits and withdrawals on licensed platforms. The report does not say whether other assets are also covered.
If the proposal takes effect, which channels will large stablecoin transfers increasingly move to?
