Asia Market Daily: Thailand SEC Proposes Strict Stablecoin Limits as Korean Exchanges Extend Trading
- Thailand's SEC has proposed new stablecoin regulations restricting transfers to third-party wallets and setting a daily per-person limit of 5 million Thai baht (approximately $150,000) for deposits and withdrawals, with public comment open until September 25.
- South Korea's major stock exchanges will extend trading hours to 8 p.m. starting Monday, making it the first major Asian exchange to adopt such extended hours as part of a roadmap toward 24-hour trading by December 2027.
- Huobi HTX recorded net inflows exceeding $438 million over the past seven days, ranking first among major global centralized exchanges according to DeFiLlama data.
- Bitcoin traded below $77,000 (approximately $76,985) with a 0.52% daily decline, while Ether dipped below $2,500 (around $2,497.39) with a 1.49% decline amid broader market caution.
- LSK token surged 512.7% in 24 hours to $1.71, triggering $38.36 million in liquidations, the highest among all cryptocurrencies during that period.
Thailand's Securities and Exchange Commission has drafted stablecoin regulations that would impose significant restrictions on licensed crypto platforms. The proposal prohibits transfers to third-party wallets and establishes a daily per-person limit of 5 million Thai baht (approximately $150,000) for both deposits and withdrawals on each platform. The draft regulation is currently open for public comment until September 25 and represents one of Southeast Asia's strictest stablecoin frameworks if approved.
In South Korea, major stock exchanges announced plans to extend trading hours to 8 p.m. beginning Monday, marking a significant departure from traditional Asian trading schedules. This move positions South Korea as the first major Asian exchange to adopt extended evening trading hours and represents a step toward the Korea Exchange's goal of achieving 24-hour trading by December 2027. Analysts note that extended trading windows generally provide greater flexibility for investors and improve market efficiency, though maintaining sufficient liquidity during additional hours remains a key test.
Crypto markets showed mixed performance with modest declines in major assets. Bitcoin traded below $77,000 at approximately $76,985, down 0.52% for the day, while Ether dipped below $2,500 to around $2,497.39, reflecting a 1.49% decline. The pullback comes amid broader market caution regarding inflation data and potential Federal Reserve rate decisions. Meanwhile, Huobi HTX led global centralized exchanges with net inflows exceeding $438 million over the past seven days, signaling strong user confidence in the Asian exchange.
亚洲市场日报：泰国证交会提议严格稳定币限制，韩国交易所延长交易时间
泰国证券交易委员会起草了稳定币监管规定，对持牌加密平台施加重大限制。该提案禁止向第三方钱包转账，并规定每人每平台日限额为500万泰铢（约15万美元），适用于存取款。该草案监管规定目前开放至9月25日的公众评论期，若获批将代表东南亚最严格的稳定币框架之一。
韩国主要股票交易所宣布计划从下周一起将交易时间延长至晚间8点，标志着对传统亚洲交易时间表的重大偏离。此举使韩国成为首个采取延长晚间交易时间的主要亚洲交易所，是韩国交易所实现2027年12月前24小时交易目标的一步。分析人士指出，延长交易时间通常为投资者提供更大灵活性并提高市场效率，但在额外交易时段维持充足流动性仍是关键考验。
加密货币市场表现参差，主要资产出现温和下跌。比特币跌至77000美元下方，约为76985美元，日跌幅0.52%；以太坊跌至2500美元下方，约为2497.39美元，反映1.49%的跌幅。跌势源于市场对通胀数据和美联储可能加息决定的谨慎态度。与此同时，火币HTX以过去七天超4.38亿美元的净流入领先全球中心化交易所，显示市场对该亚洲交易所的强劲信心。