Thailand SEC Proposes 5 Million Baht Daily Cap on Stablecoin Transfers Under Same-Owner Rule - The Crypto Times

Thailand's Securities and Exchange Commission has proposed a daily cap of 5 million baht on stablecoin transfers made under the same-owner rule, according to The Crypto Times. The measure would apply when a customer moves stablecoins between wallets they control, rather than transactions between different parties.

The proposal fits a broader pattern among Asian regulators: treating stablecoins as payment instruments that warrant monitoring, while leaving room for legitimate use. A same-owner transfer cap targets a specific channel — moving value between self-custodied wallets — that can sit outside the visibility of licensed intermediaries. By setting a numeric ceiling, the regulator creates a measurable threshold rather than an open-ended restriction.

For market participants, the key details still to watch are the final limit, how "same owner" is verified, and whether exemptions apply for exchanges or institutional flows. Until the proposal is finalized, it remains a draft rather than an enforceable rule. Its significance lies less in the figure itself than in the direction of travel: Thai authorities are building a compliance framework for stablecoins that emphasizes traceability over prohibition.