The proposed regulation would restrict each customer’s withdrawals and deposits at any single licensed digital‑asset platform to a maximum of 5 million baht each day, aiming to tighten anti‑money‑laundering controls.
Thailand’s central bank is preparing a rule that would limit daily stablecoin transactions on licensed digital‑asset platforms to a ceiling of 5 million baht per user, a move aimed at strengthening anti‑money‑laundering safeguards.
Scope of the Proposed Cap
The draft regulation would apply to both withdrawals and deposits, meaning a user could not move more than 5 million baht in stablecoins in either direction on any given day across all approved platforms.
Rationale Behind the Measure
Authorities argue that stablecoins, due to their price stability and rapid settlement, pose a heightened risk of being used for illicit financing. By capping daily volumes, regulators hope to create a clearer audit trail and reduce the attractiveness of stablecoins for money‑laundering schemes.
Potential Impact on the Market
Industry participants warn that the limit could constrain legitimate high‑value transactions, particularly for businesses that rely on stablecoins for cross‑border payments or treasury management. Smaller investors, however, may benefit from the added layer of oversight.
- Enhanced transaction monitoring by platforms
- Potential shift to alternative crypto assets
- Increased compliance costs for exchanges
The proposal is still in draft form and will undergo a public consultation period before any final rules are enacted.
For readers interested in broader developments in the crypto space, the Web3 section on uxc.news offers ongoing coverage and analysis.
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