Thailand's SEC and Bank of Thailand are implementing strict new guardrails on stablecoins (notably USDT, which surged to 50% of crypto trading volume early this year) effective immediately during public hearing, including daily transfer caps of 5 million baht, tightened KYC/CDD/EDD checks, and customer risk profiling. The "Travel Rule" mandate launches February 27, 2027, enabling regulators to trace digital asset flows end-to-end and block illicit transfers via real-time analytics, liveness detection, and sanctions screening—expected to eliminate 80% of suspicious transactions without impacting legitimate investors.