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Thailand Proposes $148K Daily Cap on Stablecoin Deposits and Withdrawals
Thailand’s securities regulator has proposed a daily cap of 5 million baht ($148,000) each per customer for stablecoin deposits and withdrawals at regulated crypto operators. The limit aims to curb money laundering, cybercrime, and attempts to bypass cross-border money transfer rules. The draft would require operators to verify customer accounts, comply with the Travel Rule, and name market makers for stablecoin-baht pairs.