The regulatory guillotine has fallen! Global exchanges are fleeing overnight
At 3 a.m., the crypto world exploded! The Thai SEC suddenly dropped a bombshell—on June 28, they will ban Bybit, OKX, and other exchanges favored by Chinese users! Is this regulation? It’s clearly the death knell for all retail investors!
Do you know what this means? Although the Thai market only accounts for 2% of the global market, Bybit has 800,000 active users there! The countdown to account bans has already begun, and countless people are transferring assets overnight, nearly crashing the exchange servers. What’s even harsher is that Thailand is directly issuing an emergency decree on digital assets, not only to shut down platforms but also to freeze accounts! Those who heavily invested on OKX, can you sleep at night?
Don’t think this doesn’t concern you! The U.S. SEC just fined Binance $1.3 billion, and the EU’s MiCA legislation will take effect next month; the global regulatory iron curtain has already fallen.
Smart money has already started to act—licensed platform users in Hong Kong have doubled in a month, and the trading volume of compliant stablecoin USDC has skyrocketed by 300%. Those still playing with shady exchanges are like dancing on a minefield!
An old crypto brother lamented: "I just withdrew from XT.COM, and it dropped 30% as soon as it arrived!" What’s even scarier is that CoinEx is also on Thailand's blacklist—how many people have put their retirement funds in there? Now, it’s too late to escape!
This wave of regulatory storm has just begun! Data shows that in the past month, the volume of compliance consultations for global exchanges has surged nearly five-fold, and even the vegetable-selling aunties know to check for licenses now. Remember: any platform without a license by the end of 2025 is just a walking ATM! Your assets could be wiped out overnight.
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