Thailand's Securities and Exchange Commission proposed new rules for digital-asset operators, tightening oversight of stablecoin trading and disclosures as regulators address financial crime and cross-border transfers.
The draft would require exchanges to name their market makers and identify the assets those firms support. Brokers would be barred from using outside liquidity providers for baht-stablecoin pairs. A 3 million baht minimum would apply to some trades arranged over the counter.
The SEC said it wants to curb money laundering and cybercrime and prevent people from bypassing cross-border money-transfer rules. A September consultation considered limits on stablecoin transfers and broader supervision of digital-asset businesses.
The earlier proposal's comment period ended Sept. 25, EconoTimes reported in its coverage of the earlier stablecoin rules proposal.
The SEC invited comments on the new draft Nov. 12.
