Thailand stablecoin proposal limits third-party transfers

Thailand’s stablecoin proposal would restrict transfers through licensed firms to customers’ own wallets, with daily caps. Comments close September 25.

• Thailand's SEC has proposed new regulations for stablecoin transfers, requiring transfers to and from a customer's own verified wallet.
• The proposal aims to curb risks associated with money laundering and circumvention of international transfer rules, imposing daily caps on transactions.
• These new rules are currently in a public consultation phase, with a separate Travel Rule set to take effect in February 2027.

Topics: Legal regulatory, Jurisdictions, Compliance, Securities law classification, Cross jurisdictional policy, Aml antimoneylaundering

Tags: #thailand #stablecoin #regulation #sec #usdt #transfers #travelrule #moneylaundering #dailycaps

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Brazil tightens crypto rules with new $10K transfer rule – Report

Brazil's latest action does not amount to the freezing or permanent blocking of cryptocurrency assets, but necessary checks...

• Brazil's central bank is implementing new regulations for cryptocurrency transfers starting in 2027 to combat fraud.
• Transfers exceeding $10,000 will face a 24-hour delay for risk assessment, aiming to prevent funds linked to scams.
• Despite increased adoption, Brazil has seen a significant rise in illicit crypto activity, prompting these stricter measures.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Emerging hubs, Enforcement actions litigation, Non evm chains

Tags: #brazil #cryptocurrency #regulation #antifraud #transfers #selfcustody #virtualassetserviceproviders #illicitinflows #moneylaundering #tether

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