Thailand proposes $148K daily cap on stablecoin deposits and withdrawals

Thailand’s Securities and Exchange Commission is working on a stablecoin framework for regulated crypto operators, and the two reports frame the same proposal through different figures. One version describes the cap in dollar terms, while the other gives it in baht, showing that the rule is being presented as a daily limit on customer activity at licensed venues. That places the proposal in the part of the market where stablecoins move in and out of exchanges and other regulated platforms rather than in informal channels.

For people using regulated crypto services in Thailand, the practical effect would be tighter limits on how much stablecoin value can move each day and a requirement that transfers connect to wallets they already control. That would change how traders, payment users and operators handle routine flows, especially if they rely on larger same-day movements between accounts and platforms. Exchanges and other regulated operators would need procedures to check wallet ownership and apply the caps on both sides of the transfer. (per crypto.news)

The rule sits at the intersection of stablecoin payments and exchange supervision, where regulators want traceability but users often expect fast, low-friction transfers. Requiring verified self-owned wallets narrows the room for anonymous or third-party movement, which pushes the system closer to conventional compliance controls. At the same time, stablecoins are often used because they move more easily than bank money, so the proposal highlights the trade-off between oversight and the open transfer model crypto is built around.

What is still not settled is the final text of the caps, how the limits will be enforced across operators, and when any rule would take effect. The reports do not say whether the proposal is already final or whether Thailand’s SEC plans any exemptions for particular users or transaction types. The next firm signal would be the published rule itself, along with implementation guidance from the regulator.

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