The Securities and Exchange Commission (SEC) of Thailand has proposed new restrictions on stablecoin transfers. The restrictions include daily limits of approximately $151,000 and a ban on transfers involving third-party wallets. The proposed framework has already received approval in principle from the SEC Board. The framework will strengthen oversight of stablecoin transactions reducing risks. In this regard, the SEC has opened a public consultation on the proposed rules until September 25, 2026.

Thailand SEC Proposes Same-Owner Stablecoin Transfers

Under the SEC’s proposed rules, stablecoin transfers into or out of regulated digital asset platforms must use the customer’s own verified account or wallet. Transfers involving someone else’s account or wallet would not be allowed.

The SEC has also proposed separate daily limits of 5 million baht for inbound and outbound stablecoin transfers. This is equivalent to roughly $151,000. Transfers between two Thailand-regulated digital asset operators that comply with the Travel Rule would be exempt from the proposed daily caps.

The proposal also introduces additional requirements for off-platform transactions. These measures include a minimum transaction limit of 3 million baht and price disclosure requirements.

SEC Proposal Builds on Earlier Stablecoin Oversight

The latest proposal follows measures announced by the Bank of Thailand (BOT) in July 2026. However, those measures were limited to only $USDT related suspicious transactions. The central bank had highlighted abnormal high-volume $USDT trading that appeared to be aimed at avoiding banking disclosure requirements.

The measures by the Bank of Thailand primarily focus on banking activity and suspicious $USDT transactions. On the other hand, the latest proposal by the SEC takes a more direct approach to stablecoin activity. The proposed SEC framework would establish specific requirements for who can send and receive stablecoins. It will also set a limit that how much can be transferred each day.

The SEC and BOT initiatives address related concerns but operate at different levels. If finalized, the rules will greatly affect stablecoin activity routed through SEC-supervised platforms.