Thailand SEC Draft Requires Licensed Exchanges to Monitor Market Maker Activities

Odaily — The Securities and Exchange Commission (SEC) of Thailand released a draft on November 12 proposing to set a daily stablecoin deposit and withdrawal cap of 5 million baht (approximately $148,000) per customer at regulated digital asset operators, and to restrict transfers to third-party wallets. The draft also requires licensed exchanges to disclose the identities of market makers and the assets they support, and to be responsible for monitoring market maker activities. The public comment period will run until November 26.