Thailand Proposes Daily Limit on Stablecoin Transfers

The Securities and Exchange Commission in Thailand released a new proposal this week aiming to limit the amount of stablecoins people can send from private wallets. If the rule passes, users will face a daily cap of 151,000 dollars for these specific types of transactions.

This move comes as part of a broader effort by local authorities to increase oversight on digital asset activities. Officials want to make sure that the usage of stablecoins within the country aligns with their current financial and security standards.

The public has until September 25 to provide feedback on this proposal. Traders and crypto firms in the region should keep an eye on how these comments shape the final regulation, as it could change how stablecoins are moved and managed in Thailand.