Thailand SEC Proposes 5 Million Baht Daily Cap on Stablecoin Transfers Under Same-Owner Rule - The Crypto Times

Thailand's Securities and Exchange Commission has proposed a daily limit of 5 million baht on stablecoin transfers made between wallets held by the same owner, according to The Crypto Times. The measure targets transactions where the sender and recipient are effectively the same person, a category regulators often treat differently from ordinary peer-to-peer payments.

The proposal fits a broader pattern of Thai authorities tightening oversight of digital assets while allowing regulated activity to continue. A same-owner cap could affect how users move funds between their own accounts, including transfers between exchanges and self-custodied wallets. It may also shape how stablecoin issuers and service providers design transaction monitoring and compliance checks.

For markets, the key question is scope. The proposal is not yet final, and it remains unclear which tokens, platforms, or wallet types would fall under the rule and how compliance would be enforced. What to watch: the consultation outcome, any carve-outs for licensed operators, and whether similar limits appear in other jurisdictions. The direction suggests stablecoin oversight is maturing, with transfer-level controls joining issuer and licensing requirements.