Overview
- The Securities and Exchange Commission opened a public consultation on Sept. 11 and set a Sept. 25 deadline for comments while the measures remain draft and not yet in force.
- Under the proposal every stablecoin deposit and withdrawal at a licensed operator would have to come from or go to a wallet or account verified as belonging to the same customer, which would block third‑party transfers that touch supervised platforms.
- The draft sets separate inbound and outbound daily limits of 5 million baht (about $151,000) per person per operator and ties allowed transfer sizes to a customer’s verified income and financial position.
- Exemptions are proposed for transfers between Thai‑supervised firms that both meet the Travel Rule and for certain business or Bank of Thailand‑authorized transfers, and the rules apply only when a transfer crosses a regulated operator’s systems not to purely peer‑to‑peer moves.
- Regulators say the moves respond to abnormal USDT volumes flagged by the Bank of Thailand in July, they link to a Travel Rule that takes effect Feb. 27, 2027, and the consultation will determine final scope, verification methods and any implementation date.