š¹š Thailand is set to license crypto derivativesāis high leverage about to get safer?
On October 29, Thailandās Securities and Exchange Commission (SEC) published 8 consultation papers proposing to include crypto assets among the underlying assets covered by the Derivatives Act and to open a licensing path. Note: The proposals are still under consultation; licenses have not yet been officially issued.
š Key points of the draft
ā¢ Existing digital asset operators can apply for a derivatives business license using their current company, without setting up a new one
ā¢ The proposed license fee is 500,000 baht; existing digital asset exchanges, brokers, and dealers are proposed to be exempt from application and license fees
ā¢ Only exchanges and brokers may apply to operate a derivatives exchange
ā¢ Deadline for comments: November 28
āļø Market impact
Bringing derivatives under the regulatory framework lowers the cost of entry for compliant firms, which could benefit licensed platforms in the long term. But ālicensedā does not mean ālow riskā: 10x and 50x leverage can still magnify losses when markets are highly volatile.
š Key BTC levels (currently around $75,800, down about 5.7% over 24 hours)
ā¢ Support: $75,200 (todayās low)
ā¢ Resistance: $78,000 / $80,500
š¤ What do you think? Will licensing and compliance make things safer for newcomers, or lead more people to mistake it for a āprotected casinoā? Join the discussion in the comments š
š Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#ę³°å½čÆēä¼ęåę°åčµäŗ§čæč„ååę¾č”ēåēē § #å åÆēē®” #åēŗ¦ #BTC
ā ļø This is not investment advice. Please be aware of the risks.
On October 29, Thailandās Securities and Exchange Commission (SEC) published 8 consultation papers proposing to include crypto assets among the underlying assets covered by the Derivatives Act and to open a licensing path. Note: The proposals are still under consultation; licenses have not yet been officially issued.
š Key points of the draft
ā¢ Existing digital asset operators can apply for a derivatives business license using their current company, without setting up a new one
ā¢ The proposed license fee is 500,000 baht; existing digital asset exchanges, brokers, and dealers are proposed to be exempt from application and license fees
ā¢ Only exchanges and brokers may apply to operate a derivatives exchange
ā¢ Deadline for comments: November 28
āļø Market impact
Bringing derivatives under the regulatory framework lowers the cost of entry for compliant firms, which could benefit licensed platforms in the long term. But ālicensedā does not mean ālow riskā: 10x and 50x leverage can still magnify losses when markets are highly volatile.
š Key BTC levels (currently around $75,800, down about 5.7% over 24 hours)
ā¢ Support: $75,200 (todayās low)
ā¢ Resistance: $78,000 / $80,500
š¤ What do you think? Will licensing and compliance make things safer for newcomers, or lead more people to mistake it for a āprotected casinoā? Join the discussion in the comments š
š Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#ę³°å½čÆēä¼ęåę°åčµäŗ§čæč„ååę¾č”ēåēē § #å åÆēē®” #åēŗ¦ #BTC
ā ļø This is not investment advice. Please be aware of the risks.
