Thailand SEC proposes same-owner requirement for stablecoin transfers

The Securities and Exchange Commission of Thailand has proposed a new rule requiring that stablecoin transfers through licensed digital asset operators must occur between wallets verified as belonging to the same owner. Under the proposal, deposits from or withdrawals to third-party wallets would be prohibited. Additionally, the SEC suggests capping daily transfer values at 5 million baht per person per operator, with certain exemptions for business transfers and compliant Travel Rule transactions. The measure is currently in the consultation stage and has not yet been implemented.