Thailand’s Securities and Exchange Commission has released a draft rule for stablecoin transactions on licensed crypto platforms. Under the proposal, customers would only be allowed to deposit or withdraw stablecoins through their own verified bank accounts or wallets, while transfers to third-party wallets would be barred. The draft also sets a daily limit of 5 million baht per person per platform for both incoming and outgoing stablecoin transactions, which the report said is roughly equivalent to $150,000. The measure has not taken effect. It is currently open for public consultation, with comments accepted until Sept. 25. The proposal focuses specifically on access controls and transaction ceilings for stablecoin movements on licensed platforms in Thailand.
Thailand’s Securities and Exchange Commission has proposed a new draft rule for stablecoins. Under the proposal, licensed crypto platforms would only be allowed to let customers deposit or withdraw stablecoins through their own verified accounts or wallets, and transfers to third-party wallets would be prohibited.
The draft also sets a cap of 5 million baht, or about $150,000, for both daily inflows and outflows per person on each platform.
The proposal is currently in the public consultation stage. The comment period runs until Sept. 25, and the rule has not yet taken effect.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
