Thailand’s Securities and Exchange Commission (SEC) invited public comments Thursday, Nov. 12, on a draft covering stablecoin transactions at digital-asset businesses in Thailand, bringing their transaction practices into public review.
The 5 million baht terms belong to an earlier SEC proposal. That plan would have imposed separate daily ceilings on each customer at each operator: one for incoming transfers and another for outgoing transfers, each capped at 5 million baht. It also would have required customers to send and receive funds through an account or wallet verified as their own. The earlier proposal’s comment period closed Sept. 25.
In August, the SEC and the Bank of Thailand (BOT) discussed oversight of stablecoin transactions with digital-asset businesses. During those talks, the SEC cited money laundering, cybercrime and evasion of international money-transfer rules as risks. SEC Deputy Secretary-General Jomkwan Kongsakul said the discussion aimed to strengthen supervision. EconoTimes previously covered the August SEC-BOT stablecoin oversight discussions.
