‼️ According to Mars Finance: Thailand’s Securities and Exchange Commission (SEC) has released a draft proposal requiring regulated crypto operators to set a daily limit of 5 million baht (about $148,000) each for customer stablecoin deposits and withdrawals. The limits would be calculated separately for each operator, with separate caps for deposits and withdrawals.
The news is somewhat negative; $BTC is currently at 72552.62.
The more a story dominates the headlines, the more important it is to watch Tier-1 capital. The follow-up impact warrants attention.