Thailand’s SEC proposes to cap daily one-way stablecoin transfers to third-party wallets at 5 million Thai baht.

Thailand’s SEC Proposes "Same Owner" Requirement for Stablecoin Transfers by Licensed Digital Asset Operators. According to the draft currently in the consultation phase, stablecoins entering customer platform accounts must come from verified accounts or wallets belonging to the same customer, and withdrawals can only be transferred to the customer’s own wallets or accounts. This means customers will not be able to receive stablecoins from others’ wallets via Thailand SEC-regulated platforms, or withdraw funds to third-party wallets. The requirement applies only to transfers processed by licensed operators, not peer-to-peer transactions that fully bypass relevant platforms. The draft also mandates that stablecoin transfer amounts align with customers’ income sources and financial status, with a daily deposit and withdrawal limit of 5 million Thai Baht per customer per operator. Transfers between regulated platforms are exempt from the limit if both operators comply with the Travel Rule, though it remains unclear whether this exemption affects the "same owner" requirement. Thailand’s SEC stated the proposed measures stem from the growing transaction volume of stablecoins, especially USDT, and associated risks of money laundering, cybercrime, and circumvention of international remittance rules. Public consultation will close on September 25, while the separately developed Travel Rule will take effect on February 27, 2027.