Thailand’s Securities and Exchange Commission has proposed requiring stablecoin deposits and withdrawals through licensed digital asset operators to use payment accounts or wallets verified as belonging to the customer. The measure remains under consultation and has no announced effective date. Principles approved on Sept. 3 would impose separate daily inbound and outbound limits of 5 million baht, or roughly $151,000, per customer and licensed operator, calibrated to verified income and financial status. The proposal would prevent third-party wallet transfers at regulated operators, while leaving peer-to-peer transactions conducted entirely outside supervised platforms outside its scope. Transfers between Thai-supervised operators could bypass the proposed caps if both firms meet Travel Rule obligations, which take effect on Feb. 27, 2027. The consultation opened Sept. 11 and closes Sept. 25, 2026.