The Block: Thailand SEC Proposes Restrictions on Stablecoin Transfers for Certain Platforms, Draft Open for Public Comment Until November 26
According to The Block, the Securities and Exchange Commission (SEC) of Thailand is seeking public comments on a draft regulation for stablecoins, which proposes limiting retail customers' inbound and outbound stablecoin transfers on regulated platforms to 5 million Thai baht per operator per day. The draft stipulates that such transfers must be made between accounts or wallets belonging to the same individual, while providing exemptions for certain transfers between proprietary accounts. Pure on-chain peer-to-peer transactions outside of registered platforms are not covered by the rule. The deadline for public comments is November 26, and the draft does not yet constitute current, binding restrictions.
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