Mergen.financeMergen Financial Intelligence summarizes, analyzes and makes sense of the developments moving the markets.
Thailand's Securities and Exchange Commission (SEC) has proposed a daily limit of approximately $151,000 on stablecoin transfers in both directions, contingent on customer wallet verification. The proposal applies to transfers conducted through regulated digital asset operators. The measure aims to establish compliance requirements for stablecoin movement across the jurisdiction.
Highlights
The Reserve Bank of India denied Tata Sons' request for exemption from mandatory listing requirements. Tata Sons, the holding company of the Tata Group valued at 185 billion dollars, now faces increased pressure to list on the stock exchange following the central bank's decision. The group had sought relief from the listing obligation but the RBI upheld the regulatory requirement.
Not investment advice.