Thailand SEC tightens stablecoin transfer rules

Thailand's Securities and Exchange Commission (SEC) has proposed stricter stablecoin transaction rules, including daily transfer limits of 5 million baht. The draft requires stablecoin transfers through digital asset operators to use wallets verified against each customer's identity.

The SEC also requires transfers to follow the Travel Rule, customer screening and blockchain analytics checks. The proposed daily limit caps incoming and outgoing transfers at 5 million baht per customer. However, transfers between accounts at SEC-supervised operators remain exempt when both platforms comply with the Travel Rule.

Digital asset exchanges must disclose market makers and monitor their funding sources, while brokers face stricter liquidity provider requirements. The draft also sets a 3-million-baht minimum for off-platform transactions and requires public price disclosures. The consultation closes on 26 November 2026, as Thailand moves to strengthen oversight of stablecoin transactions.