Thailand Securities and Exchange Commission proposes a daily stablecoin transfer limit of US$151,000

The Securities and Exchange Commission of Thailand proposes a daily limit on stablecoin transfers

The Securities and Exchange Commission of Thailand (SEC) has proposed a daily limit for stablecoin transfers in an amount of approximately US$151,000. This is part of a series of regulatory principles approved by the committee to monitor stablecoin activity through licensed digital asset operators. Currently, the measure is still in the proposal stage, public comment consultation is open until September 25, 2026, and the effective date has not yet been announced.

Core Points

• The Securities and Exchange Commission of Thailand proposes to set a cap on stablecoin transfers through licensed digital asset operators.
• The proposed daily limit is approximately US$151,000.
• This is a proposal; the specific scope details and implementation time still need to be verified.

Details of the proposal: A daily limit of 5 million baht

According to an English announcement issued by the regulator, the Board of Directors of the Securities and Exchange Commission of Thailand approved the relevant principles on September 3, 2026, and the framework will enter the public consultation stage. These rules will regulate the flow of stablecoins processed through licensed digital asset operators, rather than ordinary on-chain transfers.

Crypto Briefing described the cap as approximately US$151,000. However, the proposal itself is denominated in Thai baht and the exchange rate for this US dollar amount is not independently recognized, so it should be regarded as an approximation rather than a legal amount. The basic value is: per person, per licensed digital asset operator, with a daily inbound limit of 5 million baht.

Proposed inbound stablecoin transfer caps

Baht 5 million
Daily·Per person·Per licensed digital asset operator

The proposed inbound cap applies to daily, per person, and each licensed digital asset operator. Inbound and outbound quotas are calculated separately. The customer's ownership must be verified and the transfer must be consistent with the customer's income and financial status. Maximum value may be waived through qualified transfers between customer accounts through an operator supervised by the Securities and Exchange Commission that meets the requirements of the Travel Rule; ownership requirements need to be stated separately. This is still a proposal, and no effective date was announced in the cited announcement.

Proposed outbound transfer cap for stablecoin

5 million baht
Daily·per person·per licensed digital asset operator

The proposed outbound cap also applies to daily, per person, and per licensed digital asset operator. Inbound and outbound quotas are calculated separately. The customer's ownership must be verified and the transfer must be consistent with the customer's income and financial status. Qualified transfers between customer accounts through an operator supervised by the Securities and Exchange Commission that meets the requirements of the Travel Rules are exempt from the value caps; ownership requirements need to be stated separately. This is still a proposal, and no effective date was announced in the cited announcement.

Proposal status and scope of application

The Securities and Exchange Commission has only proposed these restrictions and have not yet been formally promulgated. The obtained announcement described the principles for planning consultations and did not set an effective date for the stablecoin restrictions. The framework runs parallel to other recent cryptocurrency initiatives in Thailand, including proposed trading rules for retail bitcoin and Ethereum ETF.

These principles apply to stablecoins traded through licensed digital asset operators. The Securities and Exchange Commission noted that the size and value of stablecoins, especially the USDT, are rising, while there are concerns about money laundering, cybercrime and circumvention of international transfer rules. These are concerns clearly identified by regulators and are not evidence of widespread illegality in stablecoin activity.

USDT remains the dominant stablecoin by market cap, with a market cap of nearly US$183 billion and trading at approximately US$1.00. Its size explains why the Securities and Exchange Commission specifically mentions the token, although the proposal does not target specific issuers or exchanges.

Calculation method of daily limits

Incoming and outgoing accounts or wallets must be verified to belong to the customer, and in principle, deposits and withdrawals from other people's accounts are clearly prohibited. This ownership rule reflects the relevant promotion of transfers of stablecoins to own verified wallets.

Transfers must also be consistent with the customer's source of revenue and financial status, which means that the cap is not an unconditional right of every user. When both operators meet travel rule requirements, the 5 million baht value cap does not apply to transfers between customer accounts through an operator supervised by the Securities and Exchange Commission; the exemption only covers the value cap and does not cover separately stated ownership requirements.

Matters to be confirmed: Timetable and Implementation Details

According to the Securities and Exchange Commission's consultation notice dated September 11, public consultation will accept comments until September 25, 2026. The same consultation also proposed setting a minimum transaction value of 3 million baht for over-the-counter services provided by digital asset brokers and dealers, placing stablecoin limits within a broader over-the-counter reform of large over-the-counter transactions.

Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission, said that the Securities and Exchange Commission will hold a public hearing with relevant parties in September 2026, and the results will be used to further review the revision of the rules. The Securities and Exchange Commission added that it has developed the measures together with the Bank of Thailand, the Digital Asset Operators Association of Thailand and digital asset operators; participation does not constitute industry endorsement.

The materials provided did not determine when or whether the stablecoin proposal would take effect. The separately finalized travel rules cited in the secondary report are an independent measure and should not be considered an effective date for this proposal. Keep an eye on the September 25 comment deadline and any post-hearing revisions, just as market participants have tracked Thailand's five-year zero-capital gains tax process from proposal to policy.