Thailand opens crypto payments for tourists while proposing stablecoin caps
Thailand is launching a system letting tourists convert crypto into baht for purchases, while its SEC proposes capping daily stablecoin deposits and withdrawals at 5 million baht per customer.
What we know
Market news accounts report Thailand has launched a payment system allowing tourists to convert crypto into baht for purchases (unconfirmed). The Block reports the Thai SEC wants to cap daily stablecoin deposits and withdrawals at 5 million baht ($147,754) per customer on regulated platforms to curb money laundering, with public comments accepted until Nov. 26.
Sources
“Thailand seeks to cap daily stablecoin deposits and withdrawals at 5 million baht”
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“Thailand launches payment system allowing tourists to convert crypto into its national currency”
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