Thailand proposes $148K daily cap on stablecoin deposits and withdrawals
AI summary
Thailand's Securities and Exchange Commission has proposed a daily cap of $148,000 on stablecoin deposits and withdrawals, with separate limits for each direction. Customers would also be required to use self-owned wallets for these transactions. The proposal signals tighter regulatory control over stablecoin flows in a major Southeast Asian market, which could reduce liquidity and trading activity for stablecoin-dependent crypto users in Thailand.
