The proposed rules would limit each person's one-way stablecoin transfers to about $151,000 per day through verified accounts.
- Thailand's SEC is proposing a daily transfer cap of approximately $151,000 for stablecoins to mitigate risks like money laundering and cybercrime.
- The proposed regulations mandate that all stablecoin deposits and withdrawals must occur through verified accounts, with exemptions for transfers between regulated operators adhering to the Travel Rule.
- This move aligns with a global trend of increased stablecoin regulation and could influence regional standards for digital asset payments.
Topics: Legal regulatory, Jurisdictions, Blockchain usage, 3 1 securities law classification, 2 1 established hubs, 6 1 ethereum evm l 1 s
Tags: #thailandsec #stablecoin #transfercap #moneylaundering #cybercrime #travelrule #digitalassetpayments #regulatoryoversight #aml
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