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Regulation
Thailand Proposes $148,000 Daily Cap on Certain Stablecoin Transfers
(4 hours ago) · 1 source · Summarized by CryptoBipto
Thailand is seeking to impose a daily cap of approximately $148,000 on certain stablecoin transfers as part of efforts to combat money laundering. The proposed measure targets specific types of stablecoin transactions and would represent a significant regulatory step for the country's approach to digital assets.
WHY IT MATTERS
Stablecoins are a type of cryptocurrency designed to hold a steady value, usually matching one US dollar per coin.
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SOURCES
- theblock.co
RELATED
Stablecoin RegulationAnti-Money LaunderingThailand Crypto PolicyCross-Border Payments
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