📰 Thailand tightens stablecoin rules — while the market remains gripped by fear.
The Securities and Exchange Commission of Thailand (SEC) has just published a draft limiting stablecoin deposits and withdrawals to a maximum of 5 million baht (~$148,000) per day for each customer on each exchange, with deposits and withdrawals counted separately. Stablecoins may only be transferred between wallets and accounts belonging to the same owner; exchanges must also disclose their market makers and comply with the Travel Rule. The goal is to combat money laundering and circumvention of cross-border money transfer laws. The draft is open for public comment until 26/11.
The market remains highly tense: BTC is around $64,250 after hitting a 3-month low of $62,006 last night, while the Fear & Greed Index has fallen to just 10 — its lowest level this cycle. Bitcoin ETFs recorded their 7th consecutive session of net outflows.
The biggest loser today: $HYPE fell 5.86% in 24 hours to around $65.30, after briefly dropping to around $62 — its lowest level since August. Around $80.72 million worth of HYPE positions were liquidated in 24 hours, even as Hyperliquid’s Q3 report (13/11) recorded protocol revenue of up to $190.9 million.
Do you think regulations like Thailand’s will spread to other countries? 👇
#CryptoNews #Bitcoin #Stablecoin #HYPE
📌 This is market information only, not investment advice.
The Securities and Exchange Commission of Thailand (SEC) has just published a draft limiting stablecoin deposits and withdrawals to a maximum of 5 million baht (~$148,000) per day for each customer on each exchange, with deposits and withdrawals counted separately. Stablecoins may only be transferred between wallets and accounts belonging to the same owner; exchanges must also disclose their market makers and comply with the Travel Rule. The goal is to combat money laundering and circumvention of cross-border money transfer laws. The draft is open for public comment until 26/11.
The market remains highly tense: BTC is around $64,250 after hitting a 3-month low of $62,006 last night, while the Fear & Greed Index has fallen to just 10 — its lowest level this cycle. Bitcoin ETFs recorded their 7th consecutive session of net outflows.
The biggest loser today: $HYPE fell 5.86% in 24 hours to around $65.30, after briefly dropping to around $62 — its lowest level since August. Around $80.72 million worth of HYPE positions were liquidated in 24 hours, even as Hyperliquid’s Q3 report (13/11) recorded protocol revenue of up to $190.9 million.
Do you think regulations like Thailand’s will spread to other countries? 👇
#CryptoNews #Bitcoin #Stablecoin #HYPE
📌 This is market information only, not investment advice.
