🇹🇭Thailand wants a daily cap on stablecoin transfers
Thailand's SEC just put out draft rules for stablecoins at licensed crypto platforms. Deposits capped at 5 million baht (about $148K) per day per customer at each operator. Withdrawals get the same cap. Transfers to or from someone else's wallet would be banned. $USDT and $USDC users would need verified wallets in their own name. Public comments close Nov 26.
Would a cap like this change how you move stables?
Source: SEC Thailand consultation
Thailand's SEC just put out draft rules for stablecoins at licensed crypto platforms. Deposits capped at 5 million baht (about $148K) per day per customer at each operator. Withdrawals get the same cap. Transfers to or from someone else's wallet would be banned. $USDT and $USDC users would need verified wallets in their own name. Public comments close Nov 26.
Would a cap like this change how you move stables?
Source: SEC Thailand consultation
