According to CoinMeta, Thailand’s securities regulatory agency has proposed setting a daily limit of 5 million Thai baht for deposits and withdrawals of stablecoins for each customer at each regulated crypto operator, and requires that transfers must involve wallets that have been verified by the customers themselves. The proposal aims to prevent money laundering, cybercrime, and the use of digital assets to circumvent international remittance rules. Regulators stated that customers are exempt from the daily limit when transferring stablecoins between regulated operators, provided that both companies comply with the travel rules. Market makers dealing in transactions of stablecoins against Thai baht will qualify for the exemption, including transfers required for liquidity provision through regulated operators.