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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

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Stablecoin RegulationAnti-Money LaunderingThailand Crypto PolicyCross-Border Payments